20 March 2001, 14:32 UK February public finances-OVERVIEW and SNAPSHOTS
--UK Feb PSNCR surplus 2.862 bln stlg
--UK Feb PSNB measure surplus 3.508 bln stlg
--Cumulative Apr-Feb UK PSNCR surplus 43.644 bln stlg
--Cumulative Apr-Feb UK PSNB surplus 21.164 bln stlg
London, March 20 (BridgeNews) - Another strong month of receipts
helped the government record a bigger-than-expected net cash surplus in
February, according to figures released Tuesday by the Office for National
Statistics.
The public sector net cash surplus was 2.862 billion sterling in February,
compared with a surplus of 2.636 billion sterling in the same month last
year and a surplus of 16.577 billion sterling in January. It was also
stronger than forecasts of about 2 billion sterling. The cumulative
surplus for the year is now a record 43.644 billion sterling.
* * *
The public sector net borrowing requirement, which smoothes out cash
figures and is the government's preferred measure of its finances, was a
surplus of 3.508 billion sterling in February, compared with a surplus of
12.984 billion sterling in January and 2.724 billion sterling in February
last year.
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