Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

ONS reveals sector in black for Q2 2009

  • Comment

Local government paid back or lent £4.1bn in the second quarter this year, leaving the sector’s ‘current account’ in the black for that period, according to official statistics.

The sector paid back £3.9bn in last year’s second quarter, leaving it £200m up on the same period in 2008, according to the Office for National Statistics (ONS).

An ONS spokesman said it was common for local government to be in surplus in the second quarter, because the end of the financial year, in April, brings gains such as tax receipts, among others.

The public sector current budget in July 2009 was in deficit by £5.1bn, this is a £13bn higher deficit than in July 2008, when there was a surplus of £7.8bn.  

Overall public sector net debt stood at £800.8bn, equivalent to 56.8% of gross domestic product, in July, the bulletin said.   

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.