Public Sector Debt
Chloe Smith (Norwich North, Conservative)
The Office for National Statistics (ONS) produces a monthly estimate of public sector net debt, excluding the temporary effects of financial interventions. The monthly estimate of public sector net debt is published on the ONS website, available at
The following table contains the latest ONS estimate of public sector net debt, for the last five financial years.
|Public sector net debt|
|Financial year||£ billion||Percentage of GDP|
In November 2011 the Government produced its first Whole of Government Accounts (WGA) document for the financial year 2009/10. WGA is a consolidated set of financial statements for the UK public sector. It consolidates the audited accounts of around 1,500 organisations across the public sector, including central Government departments, local authorities, devolved Administrations, the Health Service, and public corporations, in order to produce a comprehensive, accounts-based picture of the fiscal position in any one year. This document is available on HM Treasury website at:
The Statement of Financial Position sets out the assets held and liabilities owed by the Government, in a snapshot of the public sector balance sheet as at