Saturday, May 14, 2011

UK debt

The UK national debt, including debt from financial interventions, is £2238.6 billion as of March 2011, and the yearly deficit, including from financial interventions, was £75.0 billion in the fiscal year ending March 2011. Excluding the financial interventions, the yearly deficit was £100.9 billion, down from 107.3 billion the previous year.

Source: http://www.hm-treasury.gov.uk/d/psf.pdf

A better measure which I like to use, is the ratio of debt to revenue. In the fiscal year ending March 2011, the UK had 508.9 in revenue. Thus the ratio is 4.4, which is lower than the US.

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