Databook of UK Public finances

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Databook of UK Public finances Powered By Docstoc
					Public Sector Finances Databank
               23rd April 2010
    Editor: George Brindle (020 7270 5030)
    E-mail: George.Brindle@hmtreasury.gsi.gov.uk
    Data compiled by PSF




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               Government deficit and debt under Maastricht treaty
    Last:      31st March 2010
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Databank




s

Statistical Bulletin (monthly)



 debt under Maastricht treaty
Contents
Table          Title


               Data Sources 1
               Data Sources 2
Key            Key Fiscal Aggregates
Key M          Key Monthly Aggregates
A1             Cyclically Adjusted Budget Balances (% GDP)
A2             Chart Showing Budget Balances (% GDP)
A3             Chart Showing Cyclically Adjusted Budget Balances (% GDP)
A4             Financial Year Budget Balances (2008-09 prices)
A5             Sectoral Components of Net Borrowing (£ billion)
A6             Sectoral Components of Net Borrowing (% GDP)
A7             Public Debt (£ billion)
A8             Public Debt (% GDP)
A9             Chart Showing Public Sector Net Debt
A10            Historical Series of Nominal Liabilities of the National Loans Fund
A11            Monthly Net Borrowing (£ billion)
A12            Central Government Monthly Budget Balances (£ billion)
A13            Sectoral Components of Net Cash Requirement (£ billion)
B1             Public Expenditure (£ billion)
B2             Public Expenditure (% GDP)
B3             Chart Showing Total Managed Expenditure
B4             Chart Showing Government Spending by Function (Projections)
B5             Public expenditure (2008-09 Prices)
B6             Total Managed Expenditure by sector (£ billion)
B7             Central Government Expenditure (£ billion)
B8             Local Government Expenditure (£ billion)
B9             Public Corporations Expenditure (£ billion)
B10            DEL & AME (£ billion)
C1             Total Receipts and Net Taxes and National Insurance Contributions
C2             Chart Showing Tax - GDP Ratio
C3             Chart Showing Government Receipts by Function (Projections)
C4             Current Receipts


All figures published by ONS unless otherwise stated.
HM Treasury accepts no responsibility for the accuracy of the material published in this document.
Outturn data is presented on the basis which includes the temporary effects of financial interventions. Forecast data is
on the basis which excludes the temporary effects of financial interventions. See Annex B of the 2009 Pre-Budget
Report for further detail.
Data Sources
Table   Title                                Data                                         Source


Key     Key Fiscal Aggregates                Current budget surplus                       ONS (ANMU)
        (£ billion & % GDP)                  Net borrowing                                ONS (-ANNX)
                                             Net debt (% GDP)                             ONS (HF6X)
                                             Memo: Money GDP (£ billion)                  ONS (BKTL)
Key M   Key Monthly Aggregates               Current budget surplus                       ONS (ANMU)
        (£ billion)                          Net investment                               ONS (-ANNW)
                                             Net borrowing                                ONS (-ANNX)
                                             Public sector net debt (£ billion)           ONS (RUTN)
                                             Public sector net debt (% GDP)               ONS (RUTO)
A1      Cyclically Adjusted                  Public sector net borrowing                  HM Treasury
        Budget Balances (% GDP)              Surplus on current budget                    HM Treasury
                                             Memo: money GDP (£ billion)                  ONS (BKTL)
A2      Budget Balances (% GDP)              Net borrowing                                ONS (-ANNX)
                                             Current budget surplus                       ONS (ANMU)
A3      Cyclically Adjusted                  Cyclically adjusted net borrowing            HM Treasury
        Budget Balances (% GDP)              Cyclically adjusted current budget surplus   HM Treasury
A4      Budget Balances                      Public sector net borrowing                  ONS (-ANNX)
        in real terms (£ billion)            Surplus on current budget                    ONS (ANMU)
                                             Public sector net investment                 ONS (-ANNW)
                                             Total Managed Expenditure                    ONS (EBFT)
                                             Memo: GDP deflator                           ONS (YBGB)
A5      Sectoral Components of               Central government net borrowing             ONS (-NMFJ)
        Net Borrowing (£ billion)            Local authority net borrowing                ONS (-NMOE)
                                             General government net borrowing             ONS (-NNBK)
                                             Public corporations net borrowing            ONS (-CPCM)
                                             Public sector net borrowing                  ONS (-ANNX)
                                             Treaty deficit                               ONS (-NNBK-CFZG)
A6      Sectoral Components of               Central government net borrowing             ONS (-NMFJ)
        Net Borrowing (% GDP)                Local authority net borrowing                ONS (-NMOE)
                                             General government net borrowing             ONS (-NNBK)
                                             Public corporations net borrowing            ONS (-CPCM)
                                             Public sector net borrowing                  ONS (-ANNX)
                                             Treaty deficit                               ONS (-NNBK-CFZG)
A7      Public Debt (£ billion)              Public sector net debt                       ONS (HF6W)
                                             General government gross debt                ONS (YEQG)
                                             Public sector net worth                      ONS (CGTY)
A8      Public Debt (% GDP)                  Public sector net debt                       ONS (HF6X)
                                             General government gross debt                (BKPX + NNLL)
                                             Public sector net worth                      ONS (CGTY)
A9      Public Sector Net Debt               Public sector net debt                       ONS (RUTN)
A10     Historical Series of National Debt   National debt                                DMO
A11     Monthly Net Borrowing (£ billion)    Central government net borrowing             ONS (-NMFJ)
                                             Local authority net borrowing                ONS (-NMOE)
                                             General government net borrowing             ONS (-NNBK)
                                             Public corporations net borrowing            ONS (-CPCM)
                                             Public sector net borrowing                  ONS (-ANNX)
A12     Central Government Monthly           Total current receipts                       ONS (ANBV)
        Budget Balances (£ billion)          Total current expenditure                    ONS (ANLP)
                                             Depreciation                                 ONS (NSRN)
                                             Current budget surplus                       ONS (ANLV)
                                             Net investment                               ONS (-ANNS)
                                             Net borrowing                                ONS (-NMFJ)
A13     Sectoral Components of               Central government net cash requirement      ONS (RUUW)
        Net Cash Requirement (£ billion)     Local authority net cash requirement         ONS (AAZK)
                                             General government net cash requirement      ONS (RUUW + AAZK)
                                             Public corporations net cash requirement     ONS (AAZL)
                                             Public sector net cash requirement           ONS (RURQ)
Data Sources
Table   Title                                    Data                                           Source
B1      Public Expenditure (£ billion)           Public sector current expenditure              ONS (ANLT)
                                                 Public sector net investment                   ONS (-ANNW)
                                                 Depreciation                                   ONS (ANNZ)
                                                 Total Managed Expenditure                      ONS (EBFT)
B2      Public Expenditure (% GDP)               Public sector current expenditure              ONS (ANLT)
                                                 Public sector net investment                   ONS (-ANNW)
                                                 Depreciation                                   ONS (ANNZ)
                                                 Total Managed Expenditure                      ONS (EBFT)
B3      Total Managed Expenditure                Total Managed Expenditure                      ONS (EBFT)
B4      Government Spending by Function          Chart                                          HM Treasury
B5      Public Expenditure in real terms         Public sector current expenditure              ONS (ANLT)
        (£ billion)                              Public sector net investment                   ONS (-ANNW)
                                                 Depreciation                                   ONS (ANNZ)
                                                 Total Managed Expenditure                      ONS (EBFT)
                                                 Memo: GDP deflator                             ONS (YBGB)
B6      Total Managed Expenditure by sector      Central gov. expenditure in TME                HM Treasury
        (£ billion)                              Local gov. expenditure in TME                  HM Treasury
                                                 Public corp. expenditure in TME                HM Treasury
                                                 Total Managed Expenditure                      ONS (EBFT)
B7      Central Government Expenditure           CG own expenditure in TME                      HM Treasury
        (£ billion)                              CG own current expenditure                     HM Treasury
                                                 CG own depreciation                            ONS (NRSN)
                                                 CG own net investment                          HM Treasury
                                                 CG own gross investment                        HM Treasury
B8      Local Government Expenditure             LG own expenditure in TME                      HM Treasury
        (£ billion)                              LG own current expenditure                     HM Treasury
                                                 LG own depreciation                            ONS (NSRO)
                                                 LG own net investment                          HM Treasury
                                                 LG own gross investment                        HM Treasury
B9      Public Corporations Expenditure          PC own expenditure in TME                      HM Treasury
        (£ billion)                              PC own depreciation                            ONS (NRSM)
                                                 PC own net investment                          HM Treasury
                                                 PC own gross investment                        HM Treasury
B10     DEL & AME (£ billion)                    Public Sector expenditure                      HM Treasury
C1      Total Receipts and Net Taxes and Social Public sector total receipts                    ONS (ANBT)
        Security Contributions                   Net taxes and NICs                             HM Treasury
                                                 North Sea taxes and royalties                  HM Treasury
C2      Tax - GDP ratio                          Net taxes and NICs                             HM Treasury
                                                 GDP                                            ONS (BKTL)
C3      Government Receipts by Function          Chart                                          HM Treasury
C4      Current Receipts                         Total HMRC                                     ONS (BKSI + ANLP + ACAC)
                                                 Net taxes and NICs                             HM Treasury
                                                 Current receipts                               ONS (ANBT)
D1      G7 General Government Financial          Comparison of the current budget surplus and   OECD
        Balances and Net Financial Liabilities   debt of the G7
        (% GDP)
KEY FISCAL AGGREGATES
                       £ billion        % GDP            £ billion        % GDP           % GDP
                   Current budget surplus                 Net borrowing                 Net debt1
1964-65                  1.1             3.3               0.7              1.9
1965-66                  1.3             3.6               0.6              1.6
1966-67                  1.4             3.6               1.0              2.5
1967-68                  1.4             3.3               1.6              4.0
1968-69                  2.6             5.9               0.3              0.6
1969-70                  3.7             7.8              -0.9             -1.8
1970-71                  3.6             6.8              -0.3             -0.6
1971-72                  2.5             4.2               0.6              1.1
1972-73                  1.4             2.0               1.9              2.8
1973-74                  0.3             0.4               3.7              4.9
1974-75                  -0.8            -0.9              5.9              6.5           52.1
1975-76                  -1.6            -1.4              7.8              7.0           53.8
1976-77                  -1.4            -1.1              7.2              5.5           52.3
1977-78                  -2.0            -1.3              6.5              4.3           49.0
1978-79                  -4.4            -2.5              8.7              5.0           47.1
1979-80                  -3.8            -1.8              8.5              4.1           43.9
1980-81                  -7.0            -2.9             11.5              4.8           46.0
1981-82                  -3.4            -1.3              6.0              2.3           46.2
1982-83                  -4.1            -1.4              8.5              3.0           44.8
1983-84                  -6.0            -1.9             11.7              3.7           45.1
1984-85                  -7.0            -2.1             12.3              3.6           45.3
1985-86                  -4.4            -1.2              8.8              2.4           43.5
1986-87                  -5.4            -1.4              8.1              2.0           41.0
1987-88                  -1.8            -0.4              4.4              1.0           36.8
1988-89                  8.0             1.6              -6.3             -1.3           30.5
1989-90                  7.6             1.4              -1.0             -0.2           27.7
1990-91                  1.9             0.3               5.8              1.0           26.2
1991-92                -11.9             -2.0             22.6              3.7           27.4
1992-93                -35.2             -5.6             46.7              7.4           31.4
1993-94                -41.7             -6.3             51.0              7.7           36.5
1994-95                -33.5             -4.8             43.3              6.2           40.1
1995-96                -24.6             -3.3             34.7              4.7           41.9
1996-97                -21.7             -2.7             27.1              3.4           42.5
1997-98                  -0.9            -0.1              5.8              0.7           40.6
1998-99                 10.4             1.2              -4.5             -0.5           38.4
1999-00                 21.0             2.2             -15.5             -1.6           35.6
2000-01                 23.4             2.4             -18.3             -1.9           30.7
2001-02                 12.1             1.2              -0.2              0.0           29.7
2002-03                -11.3             -1.0             25.1              2.3           30.8
2003-04                -17.4             -1.5             33.0              2.9           32.1
2004-05                -19.2             -1.6             39.8              3.3           34.0
2005-06                -13.9             -1.1             37.4              2.9           35.3
2006-07                  -4.9            -0.4             30.8              2.3           36.0
2007-08                  -4.6            -0.3             33.7              2.4           36.5
2008-09                -49.7             -3.5             86.9              6.1           44.0
2009-102              -107.6             -7.7            152.8             10.9           53.8
2010-113                -124            -8.4              163             11.1            63.6
2011-123                -102            -6.6              131              8.5            69.5
2012-133                 -84            -5.2              110              6.8            73.0
2013-143                 -67            -3.9                89             5.2            74.5
2014-153                 -51            -2.8                74             4.0            74.9
  1
      Debt at end March; GDP centred on end March, excluding financial interventions.
  2
      When expressed as % of GDP uses forecast GDP.
  3
      Latest forecast (Budget 2010).
KEY MONTHLY AGGREGATES
                                               £ billion                             £ billion      % GDP
                 Current budget surplus         Net investment       Net borrowing   Public sector net debt
      Aug 04                         -6.0                      1.1           7.1        391.5           32.3
      Sep 04                         -3.7                      1.3           4.9        401.4           33.0
      Oct 04                          3.2                      0.9          -2.3        399.5           32.8
      Nov 04                         -7.9                      1.6           9.5        409.0           33.4
      Dec 04                         -5.0                      1.6           6.6        424.0           34.5
       Jan 05                        12.0                      3.2          -8.7        407.5           33.1
      Feb 05                          1.7                      3.7           1.9        408.1           33.0
      Mar 05                         -5.0                      3.6           8.6        422.1           34.0
      Apr 05                          2.2                      1.3          -0.9        420.7           33.8
      May 05                         -8.0                      0.5           8.5        425.7           34.1
       Jun 05                        -5.3                      0.5           5.8        437.4           34.9
        Jul 05                        3.7                      1.6          -2.1        429.1           34.1
      Aug 05                         -3.8                      1.7           5.5        434.6           34.4
      Sep 05                         -3.6                      1.5           5.1        445.1           35.0
      Oct 05                          2.5                      1.9          -0.6        441.0           34.6
      Nov 05                         -8.3                      2.3         10.6         449.7           35.1
      Dec 05                         -5.5                      2.2           7.7        465.1           36.2
       Jan 06                        14.1                      2.9         -11.2        443.3           34.3
      Feb 06                          2.0                      3.5           1.4        445.8           34.3
      Mar 06                         -4.0                      3.7           7.7        461.7           35.3
      Apr 06                          0.5                      1.4           0.9        460.5           35.1
      May 06                         -6.4                      1.6           7.9        468.1           35.5
       Jun 06                        -5.0                      1.0           6.0        483.1           36.4
        Jul 06                        8.1                      1.5          -6.7        469.9           35.3
      Aug 06                         -5.3                      1.9           7.2        474.4           35.4
      Sep 06                         -4.1                      1.5           5.6        486.3           36.1
      Oct 06                          4.1                      1.7          -2.5        478.4           35.4
      Nov 06                         -7.0                      2.0           9.0        486.7           35.8
      Dec 06                         -4.1                      1.4           5.5        500.9           36.7
       Jan 07                        13.5                      3.8          -9.7        479.1           35.0
      Feb 07                          3.3                      4.0           0.7        480.5           34.9
      Mar 07                         -2.7                      4.3           7.0        497.8           36.0
      Apr 07                          0.8                      0.2          -0.6        494.2           35.6
      May 07                         -7.4                      0.9           8.3        501.8           36.0
       Jun 07                        -5.1                      0.9           6.0        512.9           36.7
        Jul 07                        8.2                      2.2          -6.1        499.6           35.5
      Aug 07                         -6.2                      1.9           8.1        507.1           35.9
      Sep 07                         -3.5                      1.6           5.2        514.7           36.3
      Oct 07                          4.5                      2.1          -2.4        607.4           42.7
      Nov 07                         -8.3                      2.0         10.3         617.5           43.2
      Dec 07                         -4.7                      2.5           7.2        634.4           44.2
       Jan 08                        17.0                      2.8         -14.2        608.3           42.3
      Feb 08                          3.9                      4.5           0.7        610.9           42.4
      Mar 08                         -3.8                      7.6         11.4         621.6           43.0
      Apr 08                         -0.7                      1.0           1.7        619.0           42.8
      May 08                        -10.4                      1.6         11.9         629.1           43.5
       Jun 08                        -5.9                      1.6           7.5        641.4           44.3
        Jul 08                        7.7                      2.2          -5.5        627.1           43.4
      Aug 08                         -7.6                      1.8           9.4        632.5           44.0
      Sep 08                         -6.5                      1.9           8.5        695.3           48.5
      Oct 08                          2.4                      2.5           0.1        695.2           48.7
      Nov 08                        -13.0                      2.4         15.4         706.4           49.7
      Dec 08                        -11.8                      2.8         14.6         733.5           51.8
       Jan 09                        10.5                      4.9          -5.5        707.5           50.1
      Feb 09                         -2.5                      6.3           8.8        712.4           50.6
      Mar 09                        -12.0                      8.1         20.1         742.3           52.9
      Apr 09                         -7.8                      1.0           8.8        755.4           53.9
      May 09                        -14.8                      2.8         17.5         774.2           55.4
       Jun 09                       -12.7                      2.0         14.7         797.9           57.2
        Jul 09                       -3.9                      2.2           6.0        799.7           57.2
      Aug 09                        -11.0                      2.9         13.9         803.4           57.3
      Sep 09                        -11.1                      4.2         15.3         822.3           58.5
      Oct 09                         -6.4                      3.1           9.6        829.7           58.8
      Nov 09                        -13.6                      3.4         17.0         844.6           59.7
      Dec 09                        -12.5                      3.9         16.3         865.9           61.0
       Jan 10                         5.0                      5.3           0.3        856.3           60.1
      Feb 10                         -4.0                      5.7           9.7        865.1           60.5
      Mar 10                        -14.8                      8.7         23.5         890.0           62.0
 1
     Including temporary effects of financial interventions.
A1: CYCLICALLY-ADJUSTED BUDGET BALANCES
                                   % GDP                           %            £ billion
                Public sector net       Surplus on current                   Memo: Money
                  borrowing 1, 2             budget 1          Output gap1      GDP1
1974-75                         8.1                     -2.5           1.3             89.9
1975-76                         7.2                     -1.6        -1.1              112.1
1976-77                         5.0                     -0.6        -0.1              130.9
1977-78                         4.1                     -1.2        -0.3              152.4
1978-79                         4.8                     -2.3        -0.2              174.2
1979-80                         4.0                     -1.7           0.0            209.6
1980-81                         3.4                     -1.5        -4.8              239.1
1981-82                        -1.5                     2.5         -6.4              263.0
1982-83                        -1.4                     2.9         -6.0              287.4
1983-84                         0.0                     1.8         -4.4              313.0
1984-85                         0.6                     0.9         -4.2              336.7
1985-86                         0.6                     0.6         -1.3              369.9
1986-87                         1.9                     -1.2           0.5            396.1
1987-88                         2.2                     -1.7           2.7            440.8
1988-89                         1.3                     -1.0           4.5            490.1
1989-90                         2.6                     -1.4           3.7            536.9
1990-91                         2.6                     -1.2           1.2            576.8
1991-92                         3.3                     -1.5        -2.0              607.3
1992-93                         5.5                     -3.7        -3.4              627.2
1993-94                         5.4                     -4.0        -3.1              665.0
1994-95                         4.7                     -3.3        -1.4              703.1
1995-96                         3.8                     -2.4        -1.2              744.1
1996-97                         2.8                     -2.2        -0.6              792.4
1997-98                         0.6                     -0.1           0.3            843.1
1998-99                        -0.2                     0.9            0.5            890.3
1999-00                        -1.1                     1.7            0.9            944.6
2000-01                        -1.1                     1.6            1.2            989.6
2001-02                         0.2                     0.9         -0.1             1031.5
2002-03                         1.9                     -0.6        -0.8             1092.1
2003-04                         2.6                     -1.2        -0.3             1157.4
2004-05                         3.1                     -1.4        -0.3             1214.7
2005-06                         2.8                     -0.9        -0.2             1270.8
2006-07                         2.3                     -0.4           0.1           1346.2
2007-08                         2.6                     -0.6           0.4           1418.0
2008-09                         5.8                     -2.5        -2.0             1434.0
2009-103                        8.4                 -4.8            -6.1              1406
          3
2010-11                         7.3                 -4.6            -5.2              1464
          3
2011-12                         5.3                 -3.4            -4.4              1533
2012-133                        4.1                 -2.5            -3.6              1621
2013-143                        3.1                 -1.8            -2.7              1720
2014-153                        2.5                 -1.3            -1.9              1824
  1 Outturn and forecast (Budget 2010).
  2 Excluding financial interventions
  3 Latest forecast (Budget 2010).
                               -6
                                        -1




                         -11
                                              4
                                                  9
                                                                          14
                                    1980-81
                                    1981-82
                                    1982-83
                                    1983-84
                                    1984-85
                                    1985-86
                                    1986-87
                                    1987-88
                                    1988-89
                                    1989-90
                                    1990-91
                                                        A2: BUDGET BALANCES




                                    1991-92
                                    1992-93




Net borrowing
                                    1993-94
                                    1994-95
                                    1995-96
                                    1996-97
                                    1997-98
                                    1998-99
                                    1999-00




Current budget surplus
                                    2000-01
                                    2001-02
                                    2002-03
                                    2003-04
                                    2004-05
                                    2005-06
                                    2006-07
                                    2007-08
                                    2008-09
                                    2009-10
                                    2010-11
                                    2011-12
                                    2012-13
                                                        Projections
                                                      from 2010-11
                              -6
                                   -4
                                        -2
                                                       0
                                                           2
                                                               4
                                                                   6
                                                                       8
                                                                                                                    10
                                             1980-81

                                             1981-82

                                             1982-83

                                             1983-84

                                             1984-85

                                             1985-86

                                             1986-87

                                             1987-88

                                             1988-89

                                             1989-90

                                             1990-91

                                             1991-92

                                             1992-93

                                             1993-94

                                             1994-95




Public sector net borrowing
                                             1995-96

                                             1996-97

                                             1997-98

                                             1998-99

                                             1999-00

                                             2000-01

                                             2001-02
Surplus on current budget
                                             2002-03

                                             2003-04
                                                                              A3: CYCLICALLY ADJUSTED BUDGET BALANCES




                                             2004-05

                                             2005-06

                                             2006-07

                                             2007-08

                                             2008-09

                                             2009-10

                                             2010-11

                                             2011-12

                                             2012-13
                                                                           from 2009
                                                                             Projections
A4: FINANCIAL YEAR BUDGET BALANCES
                                           2008-09 prices
                          Current budget                    Total Managed   Memo: GDP
          Net borrowing
                                 surplus Net Investment       Expenditure      deflator
1964-65           9.9             16.9           26.8             196.5          6.6
1965-66           8.2             19.1           27.3             208.7          6.9
1966-67          13.3             19.1           32.4             221.5          7.2
1967-68          22.0             18.2           40.2             245.8          7.4
1968-69           3.5             33.5           37.0             247.9          7.8
1969-70         -10.6             45.5           34.8             247.1          8.2
1970-71          -3.6             40.9           37.3             255.0          8.9
1971-72           6.5             25.9           32.4             260.8          9.7
1972-73          18.2             13.0           31.2             268.9         10.5
1973-74          32.7              2.4           35.0             296.6         11.3
1974-75          43.6             -6.1           37.5             324.5         13.5
1975-76          46.3             -9.5           36.9             329.5         16.9
1976-77          37.4             -7.2           30.2             331.1         19.2
1977-78          29.7             -9.0           20.7             318.1         21.8
1978-79          36.1            -18.1           18.0             324.2         24.2
1979-80          30.2            -13.4           16.8             330.2         28.3
1980-81          34.4            -21.0           13.5             335.5         33.5
1981-82          16.3             -9.1            7.2             341.8         36.7
1982-83          21.7            -10.4           11.4             352.0         39.3
1983-84          28.5            -14.7           13.9             364.1         41.1
1984-85          28.4            -16.2           12.2             369.2         43.3
1985-86          19.1             -9.7            9.4             364.1         45.7
1986-87          17.1            -11.4            5.7             365.8         47.2
1987-88           8.8             -3.7            5.2             367.2         49.9
1988-89         -11.9             15.0            3.2             357.8         53.3
1989-90          -1.8             13.4           11.6             368.2         57.1
1990-91           9.5              3.1           12.6             369.3         61.6
1991-92          34.7            -18.2           16.5             389.6         65.2
1992-93          69.4            -52.3           17.2             407.7         67.3
1993-94          73.9            -60.3           13.6             414.3         69.1
1994-95          61.7            -47.7           14.0             426.5         70.2
1995-96          48.1            -34.1           14.0             431.1         72.2
1996-97          36.2            -29.0            7.3             422.0         74.9
1997-98           7.5             -1.2            6.2             419.1         76.8
1998-99          -5.7             13.3            7.6             422.2         78.5
1999-00         -19.4             26.2            6.9             429.2         80.0
2000-01         -22.6             28.9            6.3             449.7         81.1
2001-02          -0.3             14.7           14.4             470.3         82.9
2002-03          29.4            -13.2           16.1             492.9         85.5
2003-04          37.6            -19.8           17.8             518.3         87.9
2004-05          44.1            -21.3           22.8             545.2         90.4
2005-06          40.6            -15.1           25.5             569.5         92.1
2006-07          32.5             -5.2           27.3             580.5         94.8
2007-08          34.6             -4.7           29.9             597.6           98
2008-09          86.9            -49.7           37.2             620.5          100
A5: SECTORAL COMPONENTS OF NET BORROWING
                                                                         £ billion
                       Central                                   General                                        Memo: Treaty
                                                                                                                                1
                  government         Local authority          government Public corporations    Public sector         deficit
1963-64                      0.1                   0.6                 0.8                0.1             0.9             0.8
1964-65                     -0.7                   0.8                 0.0                0.6             0.7             0.0
1965-66                     -0.4                   0.9                 0.5                0.1             0.6             0.5
1966-67                     -0.9                   1.0                 0.0                0.9             1.0             0.0
1967-68                     -0.5                   1.2                 0.6                1.0             1.6             0.6
1968-69                     -1.5                   1.2                -0.3                0.6             0.3             -0.3
1969-70                     -1.3                   1.1                -0.2               -0.7            -0.9             -0.2
1970-71                     -2.4                   1.3                -1.1                0.8            -0.3             -1.1
1971-72                     -1.6                   1.2                -0.4                1.0             0.6             -0.4
1972-73                      0.0                   1.5                 1.5                0.5             1.9             1.5
1973-74                      1.0                   2.4                 3.3                0.3             3.7             3.3
1974-75                      1.0                   2.7                 3.7                2.2             5.9             3.7
1975-76                      3.2                   2.1                 5.3                2.6             7.8             5.3
1976-77                      3.1                   2.2                 5.3                1.9             7.2             5.3
1977-78                      3.7                   1.7                 5.4                1.1             6.5             5.4
1978-79                      5.5                   1.8                 7.3                1.4             8.7             7.3
1979-80                      3.4                   2.6                 6.1                2.5             8.5             6.1
1980-81                      7.0                   1.9                 9.0                2.6            11.5             9.0
1981-82                      8.7                  -0.4                 8.3               -2.3             6.0             8.3
1982-83                      8.3                   0.4                 8.7               -0.2             8.5             8.7
1983-84                     10.1                   1.6               11.7                 0.0            11.7            11.7
1984-85                      8.2                   2.6               10.8                 1.5            12.3            10.8
1985-86                      7.1                   2.3                 9.3               -0.6             8.8             9.3
1986-87                      7.9                   1.1                 9.0               -1.0             8.1             9.0
1987-88                      4.4                   1.2                 5.6               -1.2             4.4             5.6
1988-89                     -4.5                   0.3                -4.2               -2.1            -6.3             -4.2
1989-90                     -0.4                   2.2                 1.8               -2.8            -1.0             1.8
1990-91                      7.4                   0.5                 7.9               -2.1             5.8             7.9
1991-92                     21.0                   1.5               22.4                 0.2            22.6            22.4
1992-93                     51.7                  -5.7               46.0                 0.6            46.7            46.0
1993-94                     52.5                  -1.6               51.0                 0.1            51.0            51.0
1994-95                     45.0                   0.1               45.2                -1.9            43.3            45.2
1995-96                     37.2                  -0.7               36.6                -1.8            34.7            36.6
1996-97                     29.9                  -0.9               29.0                -1.9            27.1            29.0
1997-98                      7.0                   1.6                 8.6               -2.8             5.8             8.6
1998-99                     -4.3                   1.8                -2.5               -2.0            -4.5             -2.5
1999-00                    -14.9                   3.1               -11.8               -3.7           -15.5           -11.7
2000-01                    -17.8                   2.5               -15.3               -3.0           -18.3           -15.1
2001-02                      0.4                   2.1                 2.5               -2.7            -0.2             2.4
2002-03                     26.4                   1.1               27.4                -2.3            25.1            27.0
2003-04                     37.1                   0.1               37.2                -4.2            33.0            37.3
2004-05                     38.6                   3.9               42.5                -2.7            39.8            42.3
2005-06                     33.5                   5.3               38.8                -1.4            37.4            38.7
2006-07                     32.6                   2.5               35.2                -4.3            30.8            35.0
2007-08                     38.7                  -0.1               38.6                -4.8            33.7            38.4
2008-09                     91.6                   4.7               96.3                -9.4            86.9            97.1
2009-102                  161.9                    6.1              168.0               -15.1           152.8          171.5
2010-112                    159                     5                164                  -1             163             164
  1 General government net borrowing on a Maastricht basis.
  2 Latest forecast (Budget 2010).
A6: SECTORAL COMPONENTS OF NET BORROWING
                                                           % GDP
                     Central          Local       General            Public   Public   Memo: Treaty
                government        authority    government      corporations   sector         deficit1
1963-64                 0.4           2.0            2.5             0.3       2.8            2.5
1964-65                -2.2           2.3            0.1             1.8       1.9            0.1
1965-66                -1.1           2.4            1.3             0.3       1.6            1.3
1966-67                -2.4           2.5            0.1             2.4       2.5            0.1
1967-68                -1.3           2.8            1.5             2.5       4.0            1.5
1968-69                -3.4           2.7           -0.7             1.3       0.6           -0.7
1969-70                -2.8           2.4           -0.4             -1.4     -1.8           -0.4
1970-71                -4.5           2.4           -2.1             1.5      -0.6           -2.1
1971-72                -2.7           2.0           -0.7             1.8       1.1           -0.7
1972-73                -0.1           2.2            2.2             0.7       2.8            2.2
1973-74                 1.3           3.1            4.4             0.5       4.9            4.4
1974-75                 1.1           3.0            4.1             2.5       6.5            4.1
1975-76                 2.9           1.8            4.7             2.3       7.0            4.7
1976-77                 2.4           1.7            4.1             1.4       5.5            4.1
1977-78                 2.4           1.1            3.5             0.7       4.3            3.5
1978-79                 3.1           1.1            4.2             0.8       5.0            4.2
1979-80                 1.6           1.3            2.9             1.2       4.1            2.9
1980-81                 2.9           0.8            3.7             1.1       4.8            3.7
1981-82                 3.3           -0.1           3.2             -0.9      2.3            3.2
1982-83                 2.9           0.1            3.0             -0.1      3.0            3.0
1983-84                 3.2           0.5            3.7             0.0       3.7            3.7
1984-85                 2.4           0.8            3.2             0.4       3.6            3.2
1985-86                 1.9           0.6            2.5             -0.2      2.4            2.5
1986-87                 2.0           0.3            2.3             -0.2      2.0            2.3
1987-88                 1.0           0.3            1.3             -0.3      1.0            1.3
1988-89                -0.9           0.1           -0.9             -0.4     -1.3           -0.9
1989-90                -0.1           0.4            0.3             -0.5     -0.2            0.3
1990-91                 1.3           0.1            1.4             -0.4      1.0            1.4
1991-92                 3.5           0.2            3.7             0.0       3.7            3.7
1992-93                 8.2           -0.9           7.3             0.1       7.4            7.3
1993-94                 7.9           -0.2           7.7             0.0       7.7            7.7
1994-95                 6.4           0.0            6.4             -0.3      6.2            6.4
1995-96                 5.0           -0.1           4.9             -0.2      4.7            4.9
1996-97                 3.8           -0.1           3.7             -0.2      3.4            3.7
1997-98                 0.8           0.2            1.0             -0.3      0.7            1.0
1998-99                -0.5           0.2           -0.3             -0.2     -0.5           -0.3
1999-00                -1.6           0.3           -1.2             -0.4     -1.6           -1.2
2000-01                -1.8           0.3           -1.5             -0.3     -1.9           -1.5
2001-02                 0.0           0.2            0.2             -0.3      0.0            0.2
2002-03                 2.4           0.1            2.5             -0.2      2.3            2.5
2003-04                 3.2           0.0            3.2             -0.4      2.9            3.2
2004-05                 3.2           0.3            3.5             -0.2      3.3            3.5
2005-06                 2.6           0.4            3.1             -0.1      2.9            3.0
2006-07                 2.4           0.2            2.6             -0.3      2.3            2.6
2007-08                 2.7           0.0            2.7             -0.3      2.4            2.7
2008-09                 6.4           0.3            6.7             -0.7      6.1            6.8
2009-102, 3            11.3           0.4           11.7             -1.1     10.7           12.2
2010-112              10.8            0.3          11.2             -0.1      11.1           11.2
   1 General government net borrowing on a Maastricht basis.
   2 Latest forecast (Budget 2010).
   3 Outturn expressed as % of forecast GDP.
A7: PUBLIC DEBT
                                                  £ billion
                  Public sector net         General government          Public sector net
                                debt1                  gross debt2                worth3
1974-75                           52.1                          59.4
1975-76                           64.7                          71.1
1976-77                           73.6                          84.1
1977-78                           79.5                          95.8
1978-79                           88.6                         104.4
1979-80                           98.2                         113.9
1980-81                         113.8                          128.0
1981-82                         125.2                          136.3
1982-83                         132.5                          146.4
1983-84                         143.8                          156.9
1984-85                         157.2                          168.5
1985-86                         162.7                          183.3
1986-87                         167.8                          192.7
1987-88                         167.4                          201.2                335.7
1988-89                         153.9                          195.4                396.5
1989-90                         152.2                          186.4                389.7
1990-91                         151.3                          189.7                350.3
1991-92                         166.1                          208.6                323.5
1992-93                         201.9                          257.1                254.8
1993-94                         249.8                          304.4                200.1
1994-95                         290.0                          343.8                206.1
1995-96                         322.1                          381.5                163.2
1996-97                         347.2                          404.4                142.3
1997-98                         352.0                          404.4                130.4
1998-99                         350.7                          403.2                129.9
1999-00                         344.4                          395.8                166.5
2000-01                         311.1                          384.5                229.8
2001-02                         314.3                          382.1                309.6
2002-03                         346.0                          401.3                312.2
2003-04                         381.5                          450.1                334.7
2004-05                         422.1                          487.6                351.2
2005-06                         461.7                          535.3                368.9
2006-07                         497.8                          577.9                394.1
2007-08                         527.2                          620.1                414.0
2008-09                         617.0                          800.1                317.4
2009-104                        771.6                          1004
2010-114                          952                          1179
2011-124                        1095                           1319
2012-134                        1218                           1438
2013-144                        1320                           1535
2014-154                      1406                             1618
  1 Net debt, excluding temporary effects of financial interventions.
  2 General government gross debt on a Maastricht basis.
  3 Net worth at December; GDP centred on end December.
  4 Latest forecast (Budget 2010).
A8: PUBLIC DEBT
                                                       %GDP
                  Public sector net      General government           Public sector net
                                                                                           Core debt1
                               debt1                gross debt2                  worth3
1974-75                          52.1                       66.0
1975-76                          53.8                       63.4
1976-77                          52.3                       64.2
1977-78                          49.0                       62.9
1978-79                          47.1                       59.9
1979-80                          43.9                       54.3
1980-81                          46.0                       53.5
1981-82                          46.2                       51.8
1982-83                          44.8                       50.9
1983-84                          45.1                       50.1
1984-85                          45.3                       50.1
1985-86                          43.5                       49.6
1986-87                          41.0                       48.6                                   40.3
1987-88                          36.8                       45.7                    74.0           37.1
1988-89                          30.5                       39.9                    79.0           33.5
1989-90                          27.7                       34.7                    70.9           33.1
1990-91                          26.2                       32.9                    60.1           32.8
1991-92                          27.4                       34.4                    52.8           33.4
1992-93                          31.4                       41.0                    40.2           35.6
1993-94                          36.5                       45.8                    29.7           38.2
1994-95                          40.1                       48.9                    28.9           40.2
1995-96                          41.9                       51.3                    21.6           41.0
1996-97                          42.5                       51.0                    17.7           41.1
1997-98                          40.6                       48.0                    15.3           39.2
1998-99                          38.4                       45.3                    14.4           37.4
1999-00                          35.6                       41.9                    17.4           35.1
2000-01                          30.7                       38.9                    23.0           31.0
2001-02                          29.7                       37.0                    29.6           30.2
2002-03                          30.8                       36.7                    28.2           30.9
2003-04                          32.1                       38.9                    28.5           31.9
2004-05                          34.0                       40.1                    28.6           33.7
2005-06                          35.3                       42.1                    28.7           34.8
2006-07                          36.0                       42.9                    28.9           35.5
2007-08                          36.5                       43.7                    28.9           36.2
2008-09                          44.0                       55.8                    22.4           42.5
2009-104                         53.8                       71.4                    18.0          49.5
2010-114                        63.6                        80.5                     7.4          55.4
          4
2011-12                         69.5                        86.0                     1.8          58.5
          4
2012-13                         73.0                        88.7                    -1.6          60.0
          4
2013-14                         74.5                        89.2                    -4.1          60.3
          4
2014-15                         74.9                        88.7                    -5.0          60.0

  1 Debt at end March; GDP centred on end March, excluding temporary effects of financial interventions.

  2 General government gross debt measured on a Maastricht basis.
  3 Net worth at December; GDP centred on end December.
  4 Latest forecast (Budget 2010).
80
      A9: PUBLIC SECTOR NET DEBT                                                                                       Projections
      (excluding temporary effects of financial interventions.)                                                      from 2010-11


70




60




50




40




30




20
1974-75        1978-79           1982-83           1986-87        1990-91   1994-95   1998-99   2002-03   2006-07   2010-11
A10: HISTORICAL SERIES OF GROSS NOMINAL LIABILITIES OF THE
NATIONAL LOANS FUND (FORMERLY KNOWN AS NATIONAL DEBT)
                  £ billion      % GDP                      £ billion      % GDP            £ billion   % GDP
1858                    0.8         105.0        1907             0.7         34.0   1956       27.0     132.9
1859                    0.8         103.0        1908             0.7         35.0   1957       27.0     125.2
1860                    0.8         101.0        1909             0.7         33.0   1958       27.2     120.7
1861                    0.8          97.0        1910             0.7         33.0   1959       27.4     116.1
1862                    0.8          93.0        1911             0.7         30.0   1960       27.7     109.5
1863                    0.8          89.0        1912             0.7         29.0   1961       28.3     105.1
1864                    0.8          86.0        1913             0.7         27.0   1962       28.7     102.0
1865                    0.8          83.0        1914             0.7         26.0   1963       29.8     100.7
1866                    0.8          80.0        1915             1.1         36.0   1964       30.2      93.2
1867                    0.8          78.0        1916             2.1         61.0   1965       30.4      86.6
1868                    0.8          76.0        1917             4.0         90.0   1966       31.3      83.6
1869                    0.8          75.0        1918             5.9        114.0   1967       32.0      80.5
1870                    0.8          73.0        1919             7.4        136.0   1968       34.2      80.8
1871                    0.8          66.0        1920             7.8        133.0   1969       34.0      73.9
1872                    0.8          63.0        1921             7.6        150.0   1970       33.1      66.1
1873                    0.8          61.0        1922             7.7        170.0   1971       33.4      59.8
1874                    0.8          59.0        1923             7.7        180.0   1972       35.8      57.6
1875                    0.8          60.0        1924             7.6        176.0   1973       36.9      51.4
1876                    0.8          61.0        1925             7.6        167.0   1974       40.1      50.1
1877                    0.8          61.0        1926             7.6        175.0   1975       45.3      45.3
1878                    0.8          62.0        1927             7.6        167.0   1976       56.6      47.1
1879                    0.8          66.0        1928             7.5        165.0   1977       67.2      47.8
1880                    0.8          59.0        1929             7.5        162.0   1978       79.2      48.8
1881                    0.8          60.0        1930             7.5        162.0   1979       86.9      46.2
1882                    0.8          58.0        1931             7.4        173.0   1980       95.3      42.6
1883                    0.8          55.0        1932             7.4        177.0   1981      113.0      45.8
1884                    0.7          57.0        1933             7.6        183.0   1982      118.4      43.6
1885                    0.7          58.0        1934             7.8        177.0   1983      127.9      43.2
1886                    0.7          59.0        1935             7.8        168.0   1984      143.0      45.0
1887                    0.7          56.0        1936             7.8        162.0   1985      158.0      45.5
1888                    0.7          53.0        1937             7.8        150.0   1986      171.4      45.8
1889                    0.7          50.0        1938             9.0        147.0   1987      185.8      45.5
1890                    0.7          48.0        1939             7.1        141.0   1988      197.4      43.3
1891                    0.7          46.0        1940             7.9        121.0   1989      197.3      39.2
1892                    0.7          47.0        1941           10.4         131.0   1990      193.0      35.2
1893                    0.7          47.0        1942           13.0         149.0   1991      198.7      34.4
1894                    0.7          45.0        1943           15.8         168.0   1992      214.5      35.4
1895                    0.7          43.0        1944           18.6         194.0   1993      248.8      39.4
1896                    0.6          41.0        1945           21.4         232.0   1994      306.9      45.7
1897                    0.6          40.0        1946           24.7         252.0   1995      349.2      49.3
1898                    0.6          37.0        1947           25.6         245.0   1996      390.7      52.0
1899                    0.6          34.0        1948           25.6         217.0   1997      419.5      52.6
1900                    0.6          33.0        1949           25.2         201.0   1998      418.4      49.2
1901                    0.7          35.0        1950           25.8         197.0   1999      421.6      47.3
1902                    0.7          38.0        1951           25.9         178.0   2000      426.2      45.1
1903                    0.8          39.0        1952           25.9         164.0   2001      426.0      43.2
1904                    0.8          39.0        1953           26.1         154.0   2002      434.5      42.0
1905                    0.8          37.0        1954           26.6         149.0   2003      448.0      41.1
1906                    0.7          36.0        1955           26.9         141.0   2004      497.1      43.2
Source: DMO Website (http://www.dmo.gov.uk/bginfo/natdebt.htm) up to 31 March 1999
HM Treasury from 31 Mar 2000 onwards
A11: MONTHLY NET BORROWING
                                            £ billion
               Central                             General
                          Local authority                       Public corporation   Public sector
            government                        government
  Aug 04            6.9               0.5                 7.4                 -0.3             7.1
  Sep 04            5.3               0.0                 5.3                 -0.3             4.9
  Oct 04           -2.8               0.8                -2.0                 -0.3            -2.3
  Nov 04            9.5               0.2                 9.6                 -0.2             9.5
  Dec 04            6.2               0.4                 6.6                  0.0             6.6
   Jan 05         -10.2               1.3                -8.9                  0.1            -8.7
  Feb 05            3.7              -1.3                 2.4                 -0.5             1.9
  Mar 05            7.1               1.7                 8.8                 -0.1             8.6
  Apr 05           -4.3              -0.2                -4.5                  3.6            -0.9
  May 05          10.9               -1.8                 9.0                 -0.5             8.5
   Jun 05           5.2               1.1                 6.3                 -0.5             5.8
   Jul 05          -3.5               1.5                -2.0                 -0.1            -2.1
  Aug 05            6.0               0.3                 6.3                 -0.8             5.5
  Sep 05            4.8               0.5                 5.3                 -0.3             5.1
  Oct 05           -1.1               1.0                -0.1                 -0.5            -0.6
  Nov 05          11.6               -0.2               11.4                  -0.8            10.6
  Dec 05            7.1               0.7                 7.8                 -0.1             7.7
   Jan 06         -13.0               1.9               -11.0                 -0.2           -11.2
  Feb 06            3.6              -1.0                 2.6                 -1.2             1.4
  Mar 06            6.2               1.6                 7.7                 -0.1             7.7
  Apr 06            4.1              -3.6                 0.5                  0.3             0.9
  May 06          10.0               -1.4                 8.6                 -0.7             7.9
   Jun 06           6.9              -0.4                 6.5                 -0.5             6.0
   Jul 06          -6.5               0.2                -6.4                 -0.3            -6.7
  Aug 06            6.7               0.9                 7.5                 -0.4             7.2
  Sep 06            5.6               0.1                 5.7                 -0.2             5.6
  Oct 06           -3.4               0.9                -2.4                  0.0            -2.5
  Nov 06            9.7               0.3               10.1                  -1.1             9.0
  Dec 06            5.2               0.5                 5.6                 -0.2             5.5
   Jan 07         -11.2               1.8                -9.3                 -0.4            -9.7
  Feb 07           -0.3               1.8                 1.5                 -0.7             0.7
  Mar 07            5.7               1.4                 7.2                 -0.2             7.0
  Apr 07            2.4              -3.2                -0.8                  0.2            -0.6
  May 07          10.8               -1.8                 9.0                 -0.7             8.3
   Jun 07           6.2              -0.1                 6.2                 -0.1             6.0
   Jul 07          -6.0               0.7                -5.3                 -0.7            -6.1
  Aug 07            7.3               1.1                 8.4                 -0.4             8.1
  Sep 07            6.6              -1.4                 5.2                  0.0             5.2
  Oct 07           -2.1               0.3                -1.8                 -0.6            -2.4
  Nov 07          10.8                0.1               10.9                  -0.6            10.3
  Dec 07            6.9               0.0                 6.9                  0.3             7.2
   Jan 08         -16.2               2.3               -13.9                 -0.4           -14.2
  Feb 08            1.1               1.6                 2.7                 -2.0             0.7
  Mar 08          10.9                0.3               11.2                   0.2            11.4
  Apr 08            5.0              -2.5                 2.5                 -0.8             1.7
  May 08          12.2               -0.6               11.6                   0.3            11.9
   Jun 08           8.6              -1.3                 7.3                  0.2             7.5
   Jul 08          -5.9               0.8                -5.1                 -0.4            -5.5
  Aug 08            8.8               0.9                 9.7                 -0.3             9.4
  Sep 08          11.3                0.5               11.8                  -3.3             8.5
  Oct 08            1.2               0.2                 1.5                 -1.4             0.1
  Nov 08          14.7                0.3               15.0                   0.5            15.4
  Dec 08          14.4                1.6               16.0                  -1.4            14.6
   Jan 09          -3.0               1.5                -1.5                 -4.0            -5.5
  Feb 09            6.9               1.3                 8.2                  0.6             8.8
  Mar 09          17.4                2.0               19.5                   0.6            20.1
  Apr 09          12.9               -3.4                 9.4                 -0.6             8.8
  May 09          19.4               -2.1               17.3                   0.3            17.5
   Jun 09         19.0               -0.1               18.9                  -4.2            14.7
   Jul 09           5.3               1.2                 6.5                 -0.5             6.0
  Aug 09          13.6                1.1               14.6                  -0.8            13.9
  Sep 09          15.9                0.0               15.9                  -0.6            15.3
  Oct 09            9.1               0.9               10.0                  -0.4             9.6
  Nov 09          17.0                1.0               17.9                  -0.9            17.0
  Dec 09          21.0                0.6               21.6                  -5.3            16.3
   Jan 10          -1.4               2.6                 1.2                 -0.8             0.3
  Feb 10            8.5               2.4               10.9                  -1.2             9.7
  Mar 10          21.6                2.1               23.8                  -0.3            23.5
A12: CENTRAL GOVERNMENT MONTHLY BUDGET BALANCES
                                                      £ billion

            Total current   Total current                  Current budget         Net
                                            Depreciation                                 Net borrowing
                 receipts    expenditure                          surplus   investment
  Aug 04             31.9            36.9            0.5             -5.4          1.5              6.9
  Sep 04             32.2            35.6            0.5             -3.9          1.4              5.3
  Oct 04             37.5            33.3            0.5              3.8          1.0             -2.8
  Nov 04             31.8            39.3            0.5             -7.9          1.6              9.5
  Dec 04             33.9            38.2            0.5             -4.7          1.5              6.2
   Jan 05            47.3            34.6            0.5             12.2          2.0            -10.2
  Feb 05             37.3            37.3            0.5             -0.4          3.3              3.7
  Mar 05             35.8            39.1            0.5             -3.8          3.3              7.1
  Apr 05             37.3            34.6            0.5              2.2         -2.1             -4.3
  May 05             31.6            41.0            0.5             -9.9          1.0            10.9
  Jun 05             32.1            36.0            0.5             -4.3          0.9              5.2
   Jul 05            43.1            37.6            0.5              5.0          1.5             -3.5
  Aug 05             34.0            37.8            0.5             -4.3          1.7              6.0
  Sep 05             34.5            37.1            0.5             -3.1          1.7              4.8
  Oct 05             40.5            36.6            0.5              3.4          2.3             -1.1
  Nov 05             32.7            41.4            0.5             -9.2          2.4            11.6
  Dec 05             35.2            39.6            0.5             -4.8          2.3              7.1
   Jan 06            53.6            37.6            0.5             15.5          2.5            -13.0
  Feb 06             38.8            39.1            0.5             -0.7          2.8              3.6
  Mar 06             38.4            41.2            0.5             -3.3          2.9              6.2
  Apr 06             38.9            40.5            0.5             -2.1          2.1              4.1
  May 06             33.5            40.7            0.5             -7.7          2.3            10.0
  Jun 06             34.9            39.6            0.5             -5.2          1.7              6.9
   Jul 06            48.1            39.4            0.5              8.2          1.6             -6.5
  Aug 06             36.1            40.3            0.5             -4.6          2.1              6.7
  Sep 06             36.5            40.1            0.5             -4.1          1.5              5.6
  Oct 06             44.3            38.6            0.5              5.2          1.9             -3.4
  Nov 06             34.7            41.7            0.5             -7.5          2.2              9.7
  Dec 06             38.8            41.7            0.5             -3.5          1.7              5.2
   Jan 07            54.1            39.4            0.5             14.2          3.0            -11.2
  Feb 07             43.0            39.0            0.5              3.5          3.2             -0.3
  Mar 07             40.2            41.9            0.5             -2.2          3.5              5.7
  Apr 07             40.8            42.1            0.5             -1.8          0.6              2.4
  May 07             35.5            43.6            0.5             -8.7          2.1            10.8
  Jun 07             36.7            40.7            0.5             -4.6          1.6              6.2
   Jul 07            50.5            41.9            0.5              8.1          2.1             -6.0
  Aug 07             37.3            42.1            0.5             -5.4          1.9              7.3
  Sep 07             38.2            42.0            0.5             -4.3          2.3              6.6
  Oct 07             45.8            41.8            0.5              3.5          1.4             -2.1
  Nov 07             37.1            44.7            0.5             -8.1          2.7            10.8
  Dec 07             39.7            42.8            0.5             -3.6          3.4              6.9
   Jan 08            60.5            42.7            0.5             17.3          1.2            -16.2
  Feb 08             45.1            40.3            0.5              4.3          5.4              1.1
  Mar 08             43.1            45.2            0.5             -2.6          8.3            10.9
  Apr 08             42.8            46.0            0.5             -3.7          1.3              5.0
  May 08             36.1            45.4            0.5             -9.8          2.3            12.2
  Jun 08             37.5            43.6            0.5             -6.6          2.0              8.6
   Jul 08            51.6            43.3            0.5              7.8          1.8             -5.9
  Aug 08             37.4            44.1            0.5             -7.3          1.5              8.8
  Sep 08             38.8            43.5            0.5             -5.2          6.1            11.3
  Oct 08             45.2            43.9            0.5              0.7          2.0              1.2
  Nov 08             34.8            47.0            0.5            -12.7          1.9            14.7
  Dec 08             37.0            45.5            0.5             -9.0          5.4            14.4
   Jan 09            54.7            44.9            0.6              9.3          6.2             -3.0
  Feb 09             41.1            42.3            0.6             -1.7          5.2              6.9
  Mar 09             38.4            47.3            0.5             -9.5          8.0            17.4
  Apr 09             38.4            49.1            0.6            -11.3          1.5            12.9
  May 09             32.0            47.4            0.6            -16.0          3.4            19.4
  Jun 09             35.5            47.0            0.6            -12.1          6.9            19.0
   Jul 09            44.6            47.1            0.6             -3.0          2.4              5.3
  Aug 09             34.7            45.1            0.6            -10.9          2.7            13.6
  Sep 09             34.8            46.2            0.6            -11.9          4.0            15.9
  Oct 09             41.7            47.6            0.6             -6.5          2.7              9.1
  Nov 09             35.3            48.6            0.6            -13.9          3.0            17.0
  Dec 09             37.5            49.3            0.6            -12.3          8.7            21.0
   Jan 10            51.5            46.5            0.6              4.5          3.0             -1.4
  Feb 10             43.4            47.2            0.6             -4.4          4.1              8.5
  Mar 10             39.8            52.3            0.6            -13.0          8.6            21.6
A13: SECTORAL COMPONENTS OF NET CASH REQUIREMENT
                                                         £ billion
                          Central                            General          Public
                     government       Local authority1   government    corporations1   Public sector
1963-64                      0.3                0.7             1.0            0.0             1.0
1964-65                      0.3                0.6             0.9            0.0             0.9
1965-66                      0.5                0.4             0.9            0.0             0.9
1966-67                      0.7                0.5             1.2            0.0             1.2
1967-68                      1.4                0.7             2.1           -0.1             2.0
1968-69                     -0.3                0.7             0.4            0.0             0.4
1969-70                     -1.1                0.5             -0.6          -0.2            -0.8
1970-71                     -0.1                0.6             0.4            0.2             0.7
1971-72                      0.5                0.5             1.0           -0.2             0.9
1972-73                      1.9                0.6             2.5            0.0             2.4
1973-74                      2.1                1.5             3.7            0.7             4.4
1974-75                      5.1                2.2             7.3            0.7             8.0
1975-76                      8.8                1.2            10.0            0.3           10.3
1976-77                      5.8                1.4             7.2            1.0             8.2
1977-78                      4.7                0.4             5.0            0.5             5.5
1978-79                      7.8                1.0             8.7            0.3             9.0
1979-80                      8.1                2.2            10.2           -0.5             9.7
1980-81                     12.5                0.8            13.3           -1.0           12.3
1981-82                      7.6                1.0             8.6            0.1             8.7
1982-83                     12.8                -2.7           10.1           -1.1             9.0
1983-84                     12.3                -2.3           10.0           -0.2             9.8
1984-85                     10.3                -0.9            9.4            0.9           10.2
1985-86                     11.1                -4.1            7.0           -1.3             5.8
1986-87                     10.4                -5.6            4.8           -1.3             3.5
1987-88                      1.2                -2.9            -1.7          -1.5            -3.2
1988-89                     -7.0                -4.6          -11.6           -2.9           -14.5
1989-90                     -4.6                -0.9            -5.5          -1.4            -6.9
1990-91                     -2.6                1.9             -0.8          -0.1            -0.8
1991-92                     13.0                1.0            14.0           -0.2           13.8
1992-93                     36.2                1.5            37.7           -1.5           36.2
1993-94                     49.6                -2.1           47.5           -1.4           46.1
1994-95                     39.0                -0.6           38.5           -1.8           36.6
1995-96                     35.3                -1.6           33.7           -2.3           31.4
1996-97                     25.1                -2.4           22.7           -0.1           22.6
1997-98                      3.5                -1.8            1.8           -0.6             1.1
1998-99                     -4.5                -2.3            -6.8           0.7            -6.1
1999-00                     -9.1                -0.4            -9.6           1.5            -8.1
2000-01                    -35.6                -1.7          -37.3            0.8           -36.5
2001-02                      2.8                -0.3            2.5            1.6             4.1
2002-03                     21.8                -0.3           21.5            3.1           24.6
2003-04                     39.4                0.6            40.0           -1.5           38.4
2004-05                     38.5                0.5            39.0           -0.6           38.4
2005-06                     40.8                -0.9           40.0            0.4           40.4
2006-07                     37.1                -0.8           36.3           -1.2           35.1
2007-08                     32.6                -3.6           29.0           -7.5           21.5
2008-09                    162.4                4.3           166.7         -107.1           59.6
2009-10                    198.8                4.4           203.3          -68.9          134.3
2010-112                    166                   3            169             -6            164
  1
      Market and overseas borrowing
  2 Latest forecast (Budget 2010).
B1: PUBLIC EXPENDITURE
                                                        £ billion
                       Public sector current   Public sector net                   Total managed
                                                                    Depreciation
                                 expenditure        investment                       expenditure
1965-66                               11.3                1.9              1.2            14.5
1966-67                               12.3                2.3              1.3            16.0
1967-68                               13.8                3.0              1.5            18.3
1968-69                               14.8                2.9              1.6            19.3
1969-70                               15.7                2.9              1.7            20.3
1970-71                               17.4                3.3              2.0            22.7
1971-72                               19.8                3.1              2.3            25.2
1972-73                               22.4                3.3              2.6            28.2
1973-74                               26.4                3.9              3.1            33.4
1974-75                               34.8                5.1              3.9            43.7
1975-76                               44.5                6.2              4.9            55.7
1976-77                               52.0                5.8              5.8            63.6
1977-78                               58.3                4.5              6.6            69.4
1978-79                               66.6                4.4              7.5            78.5
1979-80                               79.8                4.8              8.9            93.5
1980-81                               97.2                4.5             10.7           112.4
1981-82                              111.2                2.6             11.7           125.5
1982-83                              121.7                4.5             12.1           138.3
1983-84                              131.3                5.7             12.6           149.7
1984-85                              142.0                5.3             12.7           159.9
1985-86                              149.9                4.3             12.3           166.5
1986-87                              157.3                2.7             12.7           172.7
1987-88                              168.0                2.6             12.7           183.3
1988-89                              175.4                1.7             13.6           190.7
1989-90                              189.3                6.6             14.3           210.2
1990-91                              205.6                7.8             14.1           227.5
1991-92                              230.8               10.8             12.6           254.2
1992-93                              249.9               11.6             12.7           274.2
1993-94                              263.9                9.4             12.9           286.2
1994-95                              276.3                9.8             13.2           299.3
1995-96                              288.1               10.1             12.9           311.2
1996-97                              298.0                5.4             12.6           316.0
1997-98                              305.0                4.8             12.3           322.0
1998-99                              312.8                6.0             12.4           331.2
1999-00                              325.1                5.5             12.8           343.4
2000-01                              346.3                5.1             13.1           364.5
2001-02                              364.2               11.9             13.6           389.7
2002-03                              393.4               13.8             14.5           421.6
2003-04                              425.3               15.6             14.9           455.8
2004-05                              456.6               20.6             15.6           492.8
2005-06                              484.4               23.5             16.4           524.3
2006-07                              507.2               25.9             17.3           550.4
2007-08                              535.8               29.2             17.9           582.9
2008-09                              564.5               37.2             18.8           620.5
2009-101                             604.6               45.2            19.5            674.1
2010-111                             644.0               39.5            20.5            704.0
2011-121                              662                 29               21             713
2012-131                              682                 26               22             731
2013-141                              703                 22               23             749
2014-151                              725                 23               24             772
  1 Latest forecast (Budget 2010).
B2: GOVERNMENT EXPENDITURE
                                                     % GDP
                Public sector current      Public sector net                  Total managed
                           expenditure          investment     Depreciation     expenditure
1965-66                          31.1                 5.2             3.4            39.6
1966-67                          31.8                 6.1             3.5            41.4
1967-68                          33.7                 7.3             3.5            44.5
1968-69                          33.3                 6.5             3.6            43.4
1969-70                          32.8                 6.0             3.6            42.5
1970-71                          32.7                 6.2             3.7            42.7
1971-72                          33.4                 5.3             3.8            42.6
1972-73                          33.2                 4.9             3.8            41.9
1973-74                          35.0                 5.2             4.1            44.3
1974-75                          38.7                 5.6             4.3            48.6
1975-76                          39.7                 5.6             4.4            49.7
1976-77                          39.7                 4.4             4.4            48.5
1977-78                          38.3                 3.0             4.3            45.6
1978-79                          38.2                 2.5             4.3            45.1
1979-80                          38.1                 2.3             4.3            44.6
1980-81                          40.6                 1.9             4.5            47.0
1981-82                          42.3                 1.0             4.4            47.7
1982-83                          42.3                 1.6             4.2            48.1
1983-84                          42.0                 1.8             4.0            47.8
1984-85                          42.2                 1.6             3.8            47.5
1985-86                          40.5                 1.2             3.3            45.0
1986-87                          39.7                 0.7             3.2            43.6
1987-88                          38.1                 0.6             2.9            41.6
1988-89                          35.8                 0.3             2.8            38.9
1989-90                          35.3                 1.2             2.7            39.2
1990-91                          35.6                 1.3             2.4            39.4
1991-92                          38.0                 1.8             2.1            41.9
1992-93                          39.8                 1.8             2.0            43.7
1993-94                          39.7                 1.4             1.9            43.0
1994-95                          39.3                 1.4             1.9            42.6
1995-96                          38.7                 1.4             1.7            41.8
1996-97                          37.6                 0.7             1.6            39.9
1997-98                          36.2                 0.6             1.5            38.2
1998-99                          35.1                 0.7             1.4            37.2
1999-00                          34.4                 0.6             1.4            36.4
2000-01                          35.0                 0.5             1.3            36.8
2001-02                          35.3                 1.2             1.3            37.8
2002-03                          36.0                 1.3             1.3            38.6
2003-04                          36.7                 1.3             1.3            39.4
2004-05                          37.6                 1.7             1.3            40.6
2005-06                          38.1                 1.8             1.3            41.3
2006-07                          37.7                 1.9             1.3            40.9
2007-08                          37.8                 2.1             1.3            41.1
2008-09                          39.4                 2.6             1.3            43.3
2009-101, 2                      43.0                 3.2            1.4             48.0
2010-112                         44.0                 2.7            1.4             48.1
2011-122                         43.2                 1.9            1.4             46.5
2012-132                         42.1                 1.6            1.4             45.1
2013-142                         40.9                 1.3            1.4             43.5
2014-152                         39.8                 1.3            1.3             42.4
   1 Outturn expressed as % of forecast GDP.
   2 Latest forecast (Budget 2010).
50

                              B3: TME (% GDP)                                                                                                           Projections
                                                                                                                                                      from 2009-10

48




46




44




42




40




38




36
1982-83   1984-85   1986-87   1988-89   1990-91   1992-93   1994-95   1996-97   1998-99   2000-01   2002-03   2004-05   2006-07   2008-09   2010-11   2012-13
                                                    B4: GOVERNMENT SPENDING
                                                  BY FUNCTION 2010-11 (Projections)

                                                             Social protection**
                                                                     28%
                                                                                                                 Personal social services
                                                                                                                           5%

                                                    Other*
                                                     10%

                                                                                                                             Health
                                                                                                                              17%

                                           Debt interest
                                               6%

                                       Public order and safety                                                          Transport
                                                 5%                                                                        3%
                                         Housing and environment
                                                     4%                                                  Education
                                                       Industry, agriculture, Defence                      13%
                                                     employment and training 6%
                                                                3%

*Includes spending on general public services; recreation, culture and religion; international cooperation and development; public service pensions; plus spending yet to be
allocated and some accounting adjustments.
**Includes tax credit payments in excess of an individual's tax liability, which are now counted in AME, in line with OECD guidelines
B5: PUBLIC EXPENDITURE
                                                      2008-09 Prices
          Public sector current   Public sector net                           Total managed   Memo: GDP
                                                           Depreciation
                  expenditure          investment                               expenditure      deflator
1964-65                   152.3                26.8                    17.5           196.5           6.6
1965-66                   163.5                27.3                    17.8           208.7           6.9
1966-67                   170.6                32.4                    18.5           221.5           7.2
1967-68                   186.1                40.2                    19.6           245.8           7.4
1968-69                   190.3                37.0                    20.6           247.9           7.8
1969-70                   191.1                34.8                    21.2           247.1           8.2
1970-71                   195.3                37.3                    22.4           255.0           8.9
1971-72                   204.8                32.4                    23.6           260.8           9.7
1972-73                   213.1                31.2                    24.6           268.9          10.5
1973-74                   234.1                35.0                    27.4           296.6          11.3
1974-75                   258.1                37.5                    28.9           324.5          13.5
1975-76                   263.6                36.9                    29.1           329.5          16.9
1976-77                   270.8                30.2                    30.1           331.1          19.2
1977-78                   267.1                20.7                    30.3           318.1          21.8
1978-79                   275.1                18.0                    31.1           324.2          24.2
1979-80                   281.9                16.8                    31.5           330.2          28.3
1980-81                   290.0                13.5                    32.0           335.5          33.5
1981-82                   302.8                 7.2                    31.7           341.8          36.7
1982-83                   309.8                11.4                    30.9           352.0          39.3
1983-84                   319.5                13.9                    30.7           364.1          41.1
1984-85                   327.8                12.2                    29.2           369.2          43.3
1985-86                   327.8                 9.4                    26.8           364.1          45.7
1986-87                   333.2                 5.7                    27.0           365.8          47.2
1987-88                   336.6                 5.2                    25.4           367.2          49.9
1988-89                   329.2                 3.2                    25.5           357.8          53.3
1989-90                   331.5                11.6                    25.1           368.2          57.1
1990-91                   333.8                12.6                    22.9           369.3          61.6
1991-92                   353.8                16.5                    19.3           389.6          65.2
1992-93                   371.6                17.2                    18.9           407.7          67.3
1993-94                   381.9                13.6                    18.7           414.3          69.1
1994-95                   393.7                14.0                    18.8           426.5          70.2
1995-96                   399.1                14.0                    17.9           431.1          72.2
1996-97                   398.0                 7.3                    16.8           422.0          74.9
1997-98                   396.9                 6.2                    16.0           419.1          76.8
1998-99                   398.7                 7.6                    15.9           422.2          78.5
1999-00                   406.4                 6.9                    16.0           429.2          80.0
2000-01                   427.2                 6.3                    16.2           449.7          81.1
2001-02                   439.5                14.4                    16.4           470.3          82.9
2002-03                   459.9                16.1                    16.9           492.9          85.5
2003-04                   483.6                17.8                    17.0           518.3          87.9
2004-05                   505.2                22.8                    17.3           545.2          90.4
2005-06                   526.1                25.5                    17.9           569.5          92.1
2006-07                   535.0                27.3                    18.2           580.5          94.8
2007-08                   549.3                29.9                    18.4           597.6          97.5
2008-09                   564.5                37.2                    18.8           620.5          100
B6: TOTAL MANAGED EXPENDITURE BY SECTOR
                                                               £ billion
                CG expenditure in TME             LG expenditure in TME          PC expenditure in TME           TME
1963-64                                     7.5                            3.3                         1.2        12.0
1964-65                                     7.9                            3.6                         1.4        13.0
1965-66                                     8.9                            4.1                         1.5        14.5
1966-67                                     9.7                            4.6                         1.7        16.0
1967-68                                    11.2                            5.2                         1.9        18.3
1968-69                                    12.1                            5.5                         1.7        19.3
1969-70                                    12.7                            6.0                         1.6        20.3
1970-71                                    13.9                            6.7                         2.0        22.7
1971-72                                    15.8                            7.4                         2.0        25.2
1972-73                                    17.6                            8.5                         2.1        28.2
1973-74                                    20.4                        10.2                            2.8        33.4
1974-75                                    26.5                        11.5                            5.8        43.7
1975-76                                    34.0                        14.3                            7.4        55.7
1976-77                                    39.8                        15.7                            8.1        63.6
1977-78                                    45.1                        16.9                            7.4        69.4
1978-79                                    51.6                        19.1                            7.8        78.5
1979-80                                    61.8                        23.0                            8.7        93.5
1980-81                                    75.3                        28.1                            9.1       112.4
1981-82                                    86.9                        30.3                            8.4       125.5
1982-83                                    96.1                        33.4                            8.7       138.3
1983-84                                 102.9                          37.1                            9.6       149.7
1984-85                                 112.1                          39.2                            8.6       159.9
1985-86                                 119.0                          40.1                            7.4       166.5
1986-87                                 123.6                          42.5                            6.6       172.7
1987-88                                 131.7                          45.4                            6.2       183.3
1988-89                                 137.1                          48.3                            5.2       190.7
1989-90                                 149.6                          53.7                            6.9       210.2
1990-91                                 163.1                          58.9                            5.5       227.5
1991-92                                 183.6                          65.5                            5.1       254.2
1992-93                                 198.4                          70.1                            5.6       274.2
1993-94                                 212.3                          69.2                            4.7       286.2
1994-95                                 220.6                          74.2                            4.4       299.3
1995-96                                 229.8                          76.1                            5.4       311.2
1996-97                                 236.3                          75.6                            4.0       316.0
1997-98                                 241.3                          77.7                            2.8       322.0
1998-99                                 246.6                          81.4                            3.4       331.2
1999-00                                 254.3                          87.1                            2.1       343.4
2000-01                                 269.6                          91.7                            2.6       364.5
2001-02                                 287.4                          98.5                            3.6       389.7
2002-03                                 309.7                         107.8                            4.1       421.6
2003-04                                 334.2                         120.9                            3.6       455.8
2004-05                                 356.1                         133.3                            3.1       492.8
2005-061                                361.8                         141.0                          21.9        524.3
2006-07                                 397.7                         146.4                            6.5       550.4
2007-08                                 420.6                         154.5                            7.2       582.9
2008-09                                 463.9                         165.6                          -10.1       620.5
2009-102                               488.0                         177.3                            8.8        674.1
2010-112                               506.1                         188.9                            8.9        704.0
  1
      Both CG and PC spending data in 2005-06 are distorted by an imputed transaction covering the transfer of
  nuclear liabilities from BNFL to central government. This makes PC capital expenditure £15 billion higher and CG
  capital expenditure £15 billion lower.
  2 Latest forecast (Budget 2010).
B7: CENTRAL GOVERNMENT EXPENDITURE
                                                                       £ billion
                            CG own         CG own current                    CG own             CG own net             CG own gross
               expenditure in TME               expenditure             depreciation             investment               investment
1963-64                           7.5                      7.1                     0.2                     0.2                     0.5
1964-65                           7.9                      7.4                     0.3                     0.3                     0.5
1965-66                           8.9                      8.3                     0.3                     0.3                     0.6
1966-67                           9.7                      9.0                     0.3                     0.4                     0.7
1967-68                          11.2                    10.1                      0.3                     0.8                     1.1
1968-69                          12.1                    10.8                      0.3                     0.9                     1.2
1969-70                          12.7                    11.3                      0.3                     1.1                     1.4
1970-71                          13.9                    12.4                      0.4                     1.2                     1.5
1971-72                          15.8                    14.3                      0.4                     1.1                     1.6
1972-73                          17.6                    16.1                      0.5                     1.0                     1.5
1973-74                          20.4                    18.6                      0.6                     1.2                     1.8
1974-75                          26.5                    24.5                      0.7                     1.3                     2.0
1975-76                          34.0                    31.5                      0.9                     1.6                     2.5
1976-77                          39.8                    36.9                      1.0                     1.8                     2.8
1977-78                          45.1                    42.1                      1.2                     1.8                     3.0
1978-79                          51.6                    48.5                      1.4                     1.8                     3.2
1979-80                          61.8                    58.2                      1.6                     2.0                     3.6
1980-81                          75.3                    71.0                      1.9                     2.3                     4.3
1981-82                          86.9                    82.4                      2.1                     2.4                     4.5
1982-83                          96.1                    90.6                      2.3                     3.3                     5.6
1983-84                         102.9                    97.1                      2.4                     3.4                     5.8
1984-85                         112.1                   105.7                      2.5                     3.9                     6.4
1985-86                         119.0                   112.5                      2.7                     3.8                     6.5
1986-87                         123.6                   117.6                      2.9                     3.2                     6.0
1987-88                         131.7                   125.5                      3.0                     3.1                     6.2
1988-89                         137.1                   129.9                      3.4                     3.8                     7.2
1989-90                         149.6                   140.5                      3.8                     5.3                     9.1
1990-91                         163.1                   151.7                      4.1                     7.3                    11.4
1991-92                         183.6                   170.9                      4.2                     8.4                    12.7
1992-93                         198.4                   185.7                      4.3                     8.4                    12.7
1993-94                         212.3                   200.2                      4.5                     7.6                    12.1
1994-95                         220.6                   208.2                      4.8                     7.5                    12.4
1995-96                         229.8                   217.9                      5.2                     6.7                    11.9
1996-97                         236.3                   226.8                      5.3                     4.1                     9.5
1997-98                         241.3                   232.5                      5.3                     3.5                     8.9
1998-99                         246.6                   237.3                      5.0                     4.3                     9.3
1999-00                         254.5                   244.6                      5.0                     4.9                     9.9
2000-01                         264.3                   261.0                      5.0                    -1.7                     3.3
2001-02                         284.9                   272.6                      5.0                     7.3                    12.3
2002-03                         305.4                   293.4                      5.2                     6.8                    12.0
2003-04                         332.8                   317.3                      5.5                    10.0                    15.5
2004-05                         356.1                   337.4                      5.5                    13.1                    18.6
          1                     361.8                   356.9                      5.7                    -0.8                     4.9
2005-06
2006-07                         397.7                   373.9                      5.9                    17.9                    23.8
2007-08                         420.6                   395.3                      6.1                    19.1                    25.3
2008-09                         464.2                   416.5                      6.5                    41.1                    47.6
2009-102                       488.0                   448.0                       6.8                   33.2                     40.0
2010-112                       506.1                   474.9                       7.2                   24.0                     31.2

   1 Both CG and PC spending data in 2005-06 are distorted by an imputed transaction covering the transfer of nuclear liabilities from
   BNFL to central government. This makes PC capital expenditure £15 billion higher and CG capital expenditure £15 billion lower.

   2 Latest forecast (Budget 2010).
B8: LOCAL GOVERNMENT EXPENDITURE
                                                          £ billion
                           LG own      LG own current                       LG own net   LG own gross
                                                        LG depreciation
              expenditure in TME          expenditure                       investment     investment
1963-64                          3.3              2.3                 0.2          0.8            1.0
1964-65                          3.6              2.5                 0.2          1.0            1.2
1965-66                          4.1              2.8                 0.2          1.1            1.3
1966-67                          4.6              3.2                 0.2          1.2            1.4
1967-68                          5.2              3.5                 0.2          1.5            1.7
1968-69                          5.5              3.8                 0.2          1.5            1.7
1969-70                          6.0              4.2                 0.2          1.5            1.8
1970-71                          6.7              4.8                 0.3          1.7            2.0
1971-72                          7.4              5.3                 0.3          1.7            2.1
1972-73                          8.5              6.1                 0.4          2.0            2.4
1973-74                         10.2              7.4                 0.5          2.4            2.9
1974-75                         11.5              9.8                 0.6          1.1            1.7
1975-76                         14.3             12.5                 0.7          1.0            1.8
1976-77                         15.7             14.2                 0.8          0.7            1.5
1977-78                         16.9             15.3                 0.9          0.7            1.6
1978-79                         19.1             17.3                 1.1          0.7            1.8
1979-80                         23.0             20.9                 1.3          0.8            2.1
1980-81                         28.1             25.5                 1.6          1.0            2.6
1981-82                         30.3             27.9                 1.8          0.6            2.4
1982-83                         33.4             30.2                 1.8          1.4            3.2
1983-84                         37.1             33.2                 1.9          2.0            3.8
1984-85                         39.2             35.4                 2.0          1.8            3.8
1985-86                         40.1             36.7                 2.2          1.3            3.5
1986-87                         42.5             39.0                 2.3          1.2            3.5
1987-88                         45.4             41.8                 2.5          1.0            3.5
1988-89                         48.3             45.0                 2.8          0.5            3.3
1989-90                         53.7             48.4                 3.2          2.2            5.3
1990-91                         58.9             53.7                 3.4          1.8            5.2
1991-92                         65.5             59.7                 3.3          2.5            5.8
1992-93                         70.1             64.0                 3.1          3.1            6.2
1993-94                         69.2             63.4                 3.1          2.6            5.7
1994-95                         74.2             67.8                 3.2          3.1            6.4
1995-96                         76.1             70.0                 3.4          2.6            6.1
1996-97                         75.6             71.1                 3.5          0.9            4.5
1997-98                         77.7             72.4                 3.6          1.6            5.2
1998-99                         81.0             75.5                 3.7          1.8            5.6
1999-00                         86.0             80.4                 3.9          1.7            5.6
2000-01                         96.7             85.0                 4.1          7.6           11.7
2001-02                       100.7              91.3                 4.4          5.0            9.4
2002-03                       110.8              99.4                 4.7          6.8           11.4
2003-04                       119.5             107.5                 5.0          7.0           12.0
2004-05                       132.2             118.6                 5.4          8.2           13.6
2005-06                       140.8             127.1                 6.0          7.8           13.7
2006-07                       146.2             132.6                 6.5          7.1           13.6
2007-08                       155.2             139.8                 6.8          8.6           15.4
2008-09                       165.6             147.5                 7.2         11.8           19.0
          1
2009-10                       177.3             156.0                 7.6         13.7           21.3
2010-111                       188.9            168.3                 8.0         12.6           20.6
   1 Latest forecast (Budget 2010).
B9: PUBLIC CORPORATIONS EXPENDITURE
                                                                     £ billion
                            PC own         PC own current                                      PC own net           PC own gross
                                                                  PC depreciation
               expenditure in TME              expenditure                                     investment              investment
1963-64                           1.2                     0.1                    0.7                     0.4                     1.1
1964-65                           1.4                     0.2                    0.7                     0.5                     1.2
1965-66                           1.5                     0.2                    0.8                     0.5                     1.3
1966-67                           1.7                     0.1                    0.9                     0.7                     1.6
1967-68                           1.9                     0.2                    1.0                     0.8                     1.7
1968-69                           1.7                     0.2                    1.1                     0.5                     1.5
1969-70                           1.6                     0.2                    1.2                     0.2                     1.4
1970-71                           2.0                     0.2                    1.3                     0.4                     1.8
1971-72                           2.0                     0.2                    1.5                     0.3                     1.8
1972-73                           2.1                     0.2                    1.7                     0.2                     1.9
1973-74                           2.8                     0.4                    2.0                     0.4                     2.4
1974-75                           5.8                     0.5                    2.6                     2.6                     5.2
1975-76                           7.4                     0.6                    3.3                     3.5                     6.8
1976-77                           8.1                     0.9                    3.9                     3.4                     7.2
1977-78                           7.4                     0.9                    4.5                     2.0                     6.5
1978-79                           7.8                     0.9                    5.1                     1.8                     6.9
1979-80                           8.7                     0.8                    6.0                     2.0                     8.0
1980-81                           9.1                     0.6                    7.2                     1.2                     8.4
1981-82                           8.4                     1.0                    7.7                    -0.3                     7.4
1982-83                           8.7                     0.9                    8.1                    -0.2                     7.8
1983-84                           9.6                     0.9                    8.4                     0.3                     8.7
1984-85                           8.6                     0.8                    8.2                    -0.4                     7.7
1985-86                           7.4                     0.8                    7.4                    -0.8                     6.6
1986-87                           6.6                     0.7                    7.5                    -1.6                     5.9
1987-88                           6.2                     0.7                    7.1                    -1.6                     5.5
1988-89                           5.2                     0.5                    7.3                    -2.6                     4.7
1989-90                           6.9                     0.4                    7.3                    -0.9                     6.5
1990-91                           5.5                     0.2                    6.6                    -1.3                     5.3
1991-92                           5.1                     0.2                    5.1                    -0.2                     4.9
1992-93                           5.6                     0.2                    5.4                     0.0                     5.4
1993-94                           4.7                     0.2                    5.3                    -0.8                     4.5
1994-95                           4.4                     0.3                    5.1                    -1.0                     4.1
1995-96                           5.4                     0.2                    4.4                     0.9                     5.4
1996-97                           4.0                     0.1                    3.5                     0.4                     4.6
1997-98                           3.0                     0.0                    3.3                    -0.3                     4.5
1998-99                           3.3                     0.1                    3.4                    -0.2                     3.4
1999-00                           2.4                     0.2                    3.4                    -1.2                     1.4
2000-01                           3.2                     0.2                    3.5                    -0.6                     2.9
2001-02                           3.6                     0.3                    3.7                    -0.3                     3.5
2002-03                           4.9                     0.6                    4.1                     0.2                     4.4
2003-04                           3.2                     0.5                    4.0                    -1.4                     1.7
2004-05                           4.1                     0.6                    4.2                    -0.7                     3.6
2005-061                         21.5                     0.5                    4.4                    16.6                   21.1
2006-07                           6.1                     0.6                    4.6                     0.9                     4.6
2007-08                           7.0                     0.8                    4.6                     0.9                     6.3
2008-09                         -10.1                     0.5                    5.1                   -15.7                   -10.6
2009-102                          8.8                    0.6                     5.1                     3.1                    8.2
2010-112                       8.9                     0.7                    5.3                     2.9                        8.2
   1 1 Both CG and PC spending data in 2005-06 are distorted by an imputed transaction covering the transfer of nuclear liabilities
   from BNFL to central government. This makes PC capital expenditure £15 billion higher and CG capital expenditure £15 billion
   lower.
   2 Latest forecast (Budget 2010).
B10: DEL & AME
                                                                                                         £ billion
                                                                                                Estimate1             Projections1
                                                                                                 2008-09
                                                                                                2008-09           2009-10     2010-11
CURRENT EXPENDITURE
Resource Departmental Expenditure Limits                                                            321.1            343.5      355.1
   Near-cash Departmental Expenditure Limits                                                        301.6            319.6      330.0
   Non-cash Departmental Expenditure Limits                                                          19.5             23.9       25.1


Resource Annually Managed Expenditure                                                               242.6            261.1      288.9
Public sector current expenditure                                                                   563.7            604.6      644.0


CAPITAL EXPENDITURE
Capital Departmental Expenditure Limits                                                              48.1             56.6       53.0


Capital Annually Managed Expenditure                                                                 17.8             12.8        7.0
Public sector gross investment                                                                       65.9             69.5       60.0
   less public sector depreciation                                                                   -18.7           -19.5       -20.5
Public sector net investment                                                                         47.2             50.0       39.5
TOTAL MANAGED EXPENDITURE                                                                           629.6            674.1      704.0
 Departmental Expenditure Limits                                                                    357.6            386.7      393.4
 Annually Managed Expenditure                                                                       272.0            287.4      310.6


Source: HM Treasury.
  1 Outturn and forecast (Budget 2010) on the basis excluding the temporary effects of financial interventions.
C1: TOTAL RECEIPTS AND NET TAXES AND SOCIAL SECURITY CONTRIBUTIONS
                                             £ billion       % GDP                £ billion                     % GDP                % GDP
                                       Public sector current receipts   Net taxes and national insurance contributions1   North Sea Revenues
1964-65                                       12.3            36.2                 10.0                         29.5                  0.0
1965-66                                       13.9            38.1                 11.4                         31.2                  0.0
1966-67                                       15.0            38.9                 12.3                         31.8                  0.0
1967-68                                       16.6            40.6                 13.8                         33.6                  0.0
1968-69                                       19.0            42.7                 15.6                         35.0                  0.0
1969-70                                       21.2            44.3                 17.7                         37.0                  0.0
1970-71                                       23.0            43.3                 19.3                         36.3                  0.0
1971-72                                       24.6            41.5                 20.8                         35.0                  0.0
1972-73                                       26.3            39.0                 22.0                         32.6                  0.0
1973-74                                       29.7            39.5                 24.0                         31.9                  0.0
1974-75                                       37.9            42.1                 31.1                         34.5                  0.0
1975-76                                       47.9            42.7                 39.5                         35.3                  0.0
1976-77                                       56.4            43.0                 46.0                         35.1                  0.1
1977-78                                       62.9            41.3                 52.0                         34.1                  0.2
1978-79                                       69.8            40.1                 57.8                         33.1                  0.3
1979-80                                       85.0            40.5                 70.3                         33.5                  1.1
1980-81                                     100.9             42.2                 84.9                         35.5                  1.5
1981-82                                     119.5             45.4                100.0                         38.0                  1.5
1982-83                                     129.7             45.1                109.7                         38.2                  1.6
1983-84                                     137.9             44.1                117.9                         37.7                  2.7
1984-85                                     147.6             43.9                128.6                         38.2                  3.2
1985-86                                     157.8             42.7                138.2                         37.4                  2.8
1986-87                                     164.6             41.6                146.8                         37.0                  0.9
1987-88                                     178.9             40.6                162.1                         36.8                  0.9
1988-89                                     197.1             40.2                176.8                         36.1                  0.5
1989-90                                     211.3             39.4                189.8                         35.4                  0.3
1990-91                                     221.7             38.4                201.2                         34.9                  0.3
1991-92                                     231.7             38.1                205.3                         33.8                  0.1
1992-93                                     227.6             36.3                205.4                         32.7                  0.1
1993-94                                     235.2             35.4                211.8                         31.8                  0.2
1994-95                                     255.9             36.4                232.2                         33.0                  0.2
1995-96                                     276.6             37.2                250.0                         33.6                  0.2
1996-97                                     288.8             36.4                269.4                         34.0                  0.4
1997-98                                     316.2             37.5                296.0                         35.1                  0.3
1998-99                                     335.3             37.7                316.5                         35.5                  0.2
1999-00                                     358.5             37.9                335.3                         35.5                  0.2
2000-01                                     382.3             38.6                359.3                         36.3                  0.4
2001-02                                     389.4             37.8                369.1                         35.8                  0.5
2002-03                                     396.0             36.3                375.0                         34.3                  0.4
2003-04                                     422.4             36.5                397.0                         34.3                  0.4
2004-05                                     452.6             37.3                427.1                         35.2                  0.4
2005-06                                     486.6             38.3                456.8                         35.9                  0.8
2006-07                                     519.2             38.6                486.0                         36.1                  0.7
2007-08                                     549.0             38.7                516.0                         36.4                  0.5
2008-09                                     533.6             37.2                507.9                         35.4                  0.9
2009-102                                    508.0            36.1                476.4                         33.9                   0.5
2010-112                                      541            36.9                  508                         34.6                   0.6
2011-122                                      582            38.0                  546                         35.6                   0.6
2012-132                                      621            38.3                  578                         35.7                   0.5
2013-142                                      660            38.4                  615                         35.8                   0.5
2014-152                                      699            38.3                  650                         35.8                   0.4
  1
      Treats tax credits according to OECD definition.
   2 Latest forecast (Budget 2010).
39

      C2: Tax-GDP ratio
38

                                                                                                                                                         Projections from
                                                                                                                                                             2009-10

37




36




35




34




33




32




31
1980-81   1982-83   1984-85   1986-87   1988-89   1990-91   1992-93   1994-95   1996-97   1998-99   2000-01   2002-03   2004-05   2006-07   2008-09   2010-11   2012-13
                                               C3: GOVERNMENT RECEIPTS
                                          BY FUNCTION 2010-2011 (PROJECTIONS)




                                                                                          Income tax
                                                                                             28%
                                                             Other
                                                              15%



                                        Council tax
                                                                                                  National Insurance
                                           5%
                                                                                                        17%

                                      Business rates
                                           5%
                                                                                                  Excise
                                                                     VAT
                                                                                                  duties
                                                                     14%
                                                                                                   8%

                                                                                Corporation tax
                                                                                     8%

*Other receipts include capital taxes, stamp duties, vehicle excise duties, and some other tax and non-tax receipts- for example interest and dividends
C4: CURRENT RECEIPTS
                                                                                                   £ billion
                                                              2002-03         2003-04        2004-05           2005-06      2006-07         2007-08     2008-09
Income tax (gross of tax credits)                                 112.6           118.4          127.3           135.0          147.8          151.8      153.6
Income tax credits1                                                -3.1             -4.5          -4.4             -4.5           -4.4           -4.4       -5.6
Corporation tax2                                                   29.3            28.1           33.6            41.8           44.3            46.4      43.1
Windfall tax                                                          0.0           0.0            0.0             0.0            0.0             0.0       0.0
Petroleum revenue tax                                                 1.0           1.2            1.3             2.0            2.2             1.7       2.6
Capital gains tax                                                     1.6           2.2            2.3             3.0            3.8             5.3       7.8
Inheritance tax                                                       2.4           2.5            2.9             3.3            3.6             3.9       2.8
Stamp duties                                                          7.5           7.5            9.0            10.9           13.4            14.1       8.0
NICs                                                               64.6            72.5           78.1            85.5           87.4          101.4       97.0
VAT                                                                63.5            69.1           73.0            72.9           77.4            80.6      78.4
Fuel duties                                                        22.1            22.8           23.3            23.4           23.6            24.9      24.6
Tobacco duty                                                          8.1           8.1            8.1             8.0            8.1             8.1       8.2
Spirits duties                                                        2.3           2.4            2.4             2.3            2.3             2.4       2.4
Wine duties                                                           1.9           2.0            2.2             2.3            2.4             2.6       2.7
Beer & cider duties                                                   3.1           3.2            3.3             3.2            3.3             3.3       3.4
Betting & Gaming duties                                               1.3           1.3            1.4             1.4            1.4             1.5       1.5
Air Passenger duty                                                    0.8           0.8            0.9             0.9            1.0             2.0       1.9
Insurance Premium tax                                                 2.1           2.3            2.4             2.3            2.3             2.3       2.3
Land fill tax                                                         0.5           0.6            0.7             0.7            0.8             0.9       1.0
Climate Change Levy                                                   0.8           0.8            0.8             0.7            0.7             0.7       0.7
Aggregates levy                                                       0.2           0.3            0.3             0.3            0.3             0.3       0.3
Customs Duties & levies                                               1.9           1.9            2.2             2.3            2.3             2.5       2.7
Total HMRC                                                       324.5            343.6         371.1            397.9         423.8           452.1      439.2
VED                                                                   4.3           4.7            4.7             5.0            5.1             5.4       5.6
Business rates                                                     18.5            18.4           18.7            19.8           21.0            21.4      22.9
Council Tax                                                        16.9            18.7           20.0            20.9           22.2            23.5      24.4
Other taxes & royalties3                                           10.4            11.5           12.6            13.2           13.9            13.7      15.9
Net taxes & NICs conts4                                          375.0            397.0         427.1            456.8         486.0           516.0      507.9
Interest & dividends                                                  4.6           4.7            6.1             6.7            6.2             8.4       7.6
Gross operating surplus & rent                                     19.6            20.4           20.6            23.5           24.5            24.7      24.5
Other receipts and accounting adjustments5                         -3.2             0.4           -1.2             -0.5           2.4            -0.1       -6.4
Current receipts                                                 396.0            422.4         452.6            486.6         519.2           549.0      533.6
Memo:
North Sea revenues6                                                   4.9           4.3            5.2             9.6            9.0             7.8      12.9
   1
       Includes enhanced company tax credits
   2
       National Accounts measure: gross of enhanced and payable tax credits
   3
       Includes VAT refunds and money paid into the National Lottery Distribution Fund.
   4
       Includes VAT and 'traditional own resources' contributions to EU budget.
   5
       Tax credits which are scored as a negative tax in the calculation of NTSSC but expenditure in the National accounts. Includes TV licences; net
   of oil royalties and business rate payments by Local Authorities
   6
       Consists of North Sea corporation tax, petroleum revenue tax and royalties
Glossary of Public Finance Terms
Current Expenditure                     Spending on items that are 'consumed' in the year of purchase, such as
                                        public sector salaries and transfers.
Current Receipts                        Revenue relating to activities in the current year, comprising mainly
                                        direct and indirect taxes, but also including social security contributions,
                                        interest, dividends, capital taxes and profits from trading activities.
                                        Proceeds from the sale of assets are not included.
Depreciation                            A measure of the reduction in the value of an asset over its life.
                                        Depreciation can be thought of as the consumption of capital and is a
                                        component of the current budget.
Net Debt
                                        Gross debt minus liquid financial assets.

Net Investment                          Gross spending on investment less depreciation. It measures the extent
                                        to which public spending is adding to the country's stock of physical
                                        capital.
Net Worth                               The difference between total assets and liabilities (including debt) held
                                        by the Government. It represents a more comprehensive measure of
                                        the overall worth position of the Government than debt, as it includes
                                        non-financial assets (such as roads). The stock equivalent of the
                                        surplus on current budget (although also affected by revaluations),
                                        changes in net worth reflect the extent to which the net assets of the
                                        public sector are changing.
Public Sector Net Borrowing (PSNB)      The sum of current spending (including depreciation) and net
                                        investment, less total revenues.
Public Sector Net Cash Requirement      Equal to PSNB plus financing requirements that come from financial
                                        transactions (e.g. net asset sales, lending to the private sector and
                                        abroad, and accruals adjustments). This is a cash measure of the
                                        public sector's short-term net financing requirement (after refinancing of
                                        maturing debt). It is not the best measure of sustainability or economic
                                        impact of fiscal policy and no longer plays a significant role in the policy
                                        framework.
Current Budget Surplus                  The difference between current revenue and current spending including
                                        depreciation.
Total Managed Expenditure               The sum of public sector current expenditure, public sector net
                                        investment and public sector depreciation. These aggregates are based
                                        on National Accounts definitions defined under ESA95.
Departmental Expenditure Limits (DEL)   Firm three-year spending limits for departments. In general DEL will
                                        cover all running costs and all programme expenditure except that
                                        spending that is included in departmental Annually Managed
                                        Expenditure due to it not being reasonably subject to close control over
                                        the three-year period. DEL has distinct resource and capital budgets.
Annually Managed Expenditure (AME)      Spending that cannot be reasonably subject to firm multi-year limits.
AME Margin                              An unallocated margin on total AME spending and is included as a
                                        measure of caution against AME expenditure exceeding its forecast
                                        levels.
Accounting Adjustment                   Includes various items within TME but outside DEL. See source for full
                                        definition.

				
DOCUMENT INFO
Description: This is a comprehensive excel databook of the UK economy, dated 2010. This includes 57 time series starting as early as 1848 including GDP, net debt, investment, current surplus, and trade accounts. Author is HM Treasury.