20 March 2002, 13:21 UK Feb PSNCR -2.368 bln stg vs revised -12.087 Jan
LONDON (AFX) - There was a public sector net cash repayment of
2.368 bln stg in February, compared with a repayment of 12.087 bln the
month before, according to provisional data released by National
Statistics.
The AFX News median of analysts' forecasts was for a February
repayment of 1.3 bln stg.
In January last year there was a net cash repayment of 16.359 bln
stg.
In his Nov 27 pre-budget report, Chancellor of the Exchequer Gordon
Brown forecast a PSNB surplus of 2.5 bln stg for the fiscal year to
March 2002, which compares with an 18.2 bln stg surplus recorded in the
fiscal year to March 2001.
Public sector net borrowing -- the government's preferred measure
of the public sector's financial position -- stood at 687 mln stg in
February, compared with -8.399 bln in January and -12.475 mln in the
same month a year earlier.
Public sector net debt outstanding at the end of February amounted
to 303.3 bln stg, equivalent to 30.0 pct of GDP.
A breakdown of the data revealed that total cash receipts in
February were at 28.9 bln stg, unchanged from the same month the year
before.
Cash outlays were at 27.3 bln stg, representing a 1.6 pct rise from
the 26.9 bln stg level in February last year.
© 1999-2024 Forex EuroClub
All rights reserved