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COUNCILS REPAY DEBT IN DECEMBER - MONTHLY PSBR FIGURES

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Provisional estimates of the public sector borrowing requirement show that PSBR in December 1993 was£2.1 billion; ...
Provisional estimates of the public sector borrowing requirement show that PSBR in December 1993 was £2.1 billion; and PSBR for the first nine months of 1993-94 was £32.0 billion compared with £25.3 billion in the same period last year.

The local authorities borrowing requirement (LABR) is provisionally estimated to have been minus £0.5 billion in December (ie. a net repayment). This is the only repayment in December in the last 10 years.

It is likely that many local authorities had higher capital receipts rules ended on 31 December 1993. It compares with borrowing of £0.5 billion in December 1992.

The LABR was minus £3.5 billion in the first nine months of 1993-4, compared with minus £1.7 billion in the same period last year, after allowing for a communication grant from central government in October 1992 of £5.1 billion.

The central government own account borrowing requirement was £3.0 billion in December and £35.7 billion for the first nine months of the 1993-4 compared with £32.0 billion for the same period in 1992-3.

The public corporations borrowing requirement is provisionally estimated to have been minus £0.5 billion in December (ie. a net repayment) and minus £0.2 billion in the first nine months of 1993-4, compared with £0.1 billion in the same period last year.

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