23 April 2001, 12:38 UK March public finances-OVERVIEW and SNAPSHOTS
--UK Mar PSNCR deficit 6.651 bln stlg
--UK 2000-2001 cumulative PSNCR surplus 37.008 bln stlg
--UK Mar PSNB measure deficit 3.142 bln stlg
--UK Mar central-government deficit 5.266 bln stlg
--Cumulative UK 2000-20001 PSNB surplus 16.480 bln stlg
--UK Mar total govt receipts total 26.258 billion stlg
--UK Mar net govt departmental outlays total 30.566 billion stlg
--UK 2000-01 PSNB, PSNCR surpluses both records
London, April 23 (BridgeNews) - The U.K. Treasury recorded a net cash
requirement of 6.651 billion sterling in March, slightly better than
forecasts for a deficit of just above 7 billion, according to figures
published Monday by the Office for National Statistics. The March figures
rounded off the financial year, which runs from April to March, and
confirmed a better-than-expected outturn than the Treasury's official
forecast. The cumulative PSNCR surplus for 2000-01 was 37.008 billion
sterling, compared with the official forecast of 34.3 billion sterling.
* * *
The public sector net borrowing requirement (PSNB), which smoothes out
the returns across the year and is the government's preferred measure, in
March was 3.142 billion sterling. The cumulative total for the year was a
surplus of 16.480 billion sterling, compared with the official forecast
for a surplus of 15 billion.
Both the PSNB and PSNCR surpluses for 2000-01 were records and far
exceeded anything enjoyed by Conservative Chancellor of the Exchequer
Nigel Lawson in the late 1980s.
© 1999-2024 Forex EuroClub
All rights reserved