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You can find the current article at its original source at http://www.guardian.co.uk/news/datablog/2010/oct/18/deficit-debt-government-borrowing-data
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| Deficit, national debt and government borrowing - how has it changed since 1946? | Deficit, national debt and government borrowing - how has it changed since 1946? |
| (about 1 month later) | |
| Britain's deficit is getting worse. The government borrowed much more than expected in October, Office for National Statistics data shows, reducing the chance that the government will meet its 2012/13 deficit reduction goal. | |
| Theese are the last figures before Chancellor George Osborne presents his twice-yearly fiscal update on December 5, and - after a positive surprise in September - extend the borrowing overshoots seen for most of the tax year. | |
| The ONS says the government's preferred measure, public sector net borrowing excluding financial sector interventions, came in at £8.604bn in October, up from £5.937bn in October 2011. This was well above economists' average forecast of £6bn, and higher even than the most pessimistic estimate in a Reuters poll of 19 analysts. | |
| UK public debt | |
| We have the complete set of data on Government borrowing, all the way back to the 1940s. All political parties have faced their fair share of debt through the years - almost as if the economic climate has its own life independent of who is managing it. | We have the complete set of data on Government borrowing, all the way back to the 1940s. All political parties have faced their fair share of debt through the years - almost as if the economic climate has its own life independent of who is managing it. |
| What is the deficit? When the ONS talks about the deficit, they take a simple measure - the gap between what's coming into the government in taxes and receipts versus what's being spent. Most commentators look at net borrowing as the deficit figure, because it includes investment spending. It's different to the national debt - which is the total the country owes. | What is the deficit? When the ONS talks about the deficit, they take a simple measure - the gap between what's coming into the government in taxes and receipts versus what's being spent. Most commentators look at net borrowing as the deficit figure, because it includes investment spending. It's different to the national debt - which is the total the country owes. |
| So last month the budget was in deficit. Here are the key facts for October - if you exclude the temporary effects of the financial interventions in the banks: | |
/>• Public sector current budget deficit was />• />• In | • Public sector net borrowing was £8.6bn in October 2012; this is £2.7bn higher net borrowing than in October 2011, when net borrowing was £5.9bn />• Public sector current budget deficit was £6.7bn in October 2012; this is a £2.3bn higher deficit than in October 2011, when there was a deficit of £4.4bn />• April to October 2012, public sector net borrowing (excluding the capital payment recorded as part of the Royal Mail Pension Plan transfer in April 2012) was £73.3bn; this is £5bn higher net borrowing than in the same period the previous year, when net borrowing was £68.3bn />• In 2011/12, public sector net borrowing was £121.4bn; this is £4.6bn lower than the Office for Budget Responsibility (OBR) forecasted net borrowing for 2011/12 of £126.0bn />• Public sector net debt was £1,068.8bn at the end of October 2012, equivalent to 67.9% of gross domestic product (GDP) |
| The ONS data below shows monthly, quarterly and annual debt and deficit - what can you do with it? | The ONS data below shows monthly, quarterly and annual debt and deficit - what can you do with it? |
| Download the data | Download the data |
• DATA: download the full list as a spreadsheet | • DATA: download the full list as a spreadsheet |
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