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Highlights from the March Public Sector Finances Report:

UK DATA
MNI (London)
  • Central government net cash requirement (excluding UK Asset Resolution Ltd and Network Rail) was £25.1 bn in March, bringing the total for the FYE March 2023 to £111.3 bn, £4.1 bn less than forecast by OBR.
  • PSNB-ex was £21.5 bn, £16.3 bn more than in Mar, second-highest March borrowing since monthly records began in 1993.
  • PSNB-ex in FYE March 2023 was initially estimated at £139.2 bn (5.5% of GDP), £18.1 bn more than in the FYE March 2022 and the fourth-highest FY since records began in 1946.
  • PSNB ex in the FYE March 2023 was £13.2 bn less than forecast by the Office for Budget Responsibility.
  • PSND ex at the end of March 2023 was £2,530.4 bn or around 99.6% of GDP, 1% below OBR forecasts.


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