State of the UK's public finances
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ABCDEFGHIJKLM
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Structural borrowingPSNDPSNIStructural current budget
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Years in powerBrown / DarlingHowe / Lawson / Major / Lamont / ClarkeLabour forecastsBrown / DarlingHowe / Lawson / Major / Lamont / ClarkeLabour forecastsBrown / DarlingHowe / Lawson / Major / Lamont / ClarkeLabour forecastsBrown / DarlingHowe / Lawson / Major / Lamont / ClarkeLabour forecasts
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02.84.842.547.10.72.5-2.2-2.3
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10.6440.643.90.62.3-0.1-1.7
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2-0.23.438.4460.71.90.9-1.5
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3-1.1-1.535.646.20.61.01.72.5
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4-1.1-1.430.744.80.51.61.62.9
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50.2029.745.11.21.80.91.8
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61.90.630.845.31.31.6-0.60.9
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72.60.632.143.51.31.2-1.20.6
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83.11.934411.70.7-1.4-1.2
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92.82.235.336.81.80.6-0.9-1.7
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102.31.33630.51.90.3-0.4-1
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112.62.636.527.72.11.2-0.6-1.4
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125.82.643.826.22.61.4-2.5-1.2
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138.43.354.127.43.61.8-4.8-1.5
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147.35.57.363.631.463.62.71.82.7-4.6-3.7-4.6
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155.35.45.369.536.569.51.91.41.9-3.4-4-3.4
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164.14.74.17340.1731.61.41.6-2.5-3.3-2.5
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173.13.83.174.541.974.51.31.41.3-1.8-2.4-1.8
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182.52.82.574.942.574.91.30.71.3-1.3-2.2-1.3
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Years since 1978–79 and 1996–97 respectively Structural borrowing is total spending, less total revenues (taking out any spending/revenue effect caused by the country being temporarily above/below its trend level)
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Structural current budget is the same as structural borrowing, except that it excludes spending on investment. i.e. structural current budget is non-investment spending, less total revenues (taking out any spending/revenue effect caused by the country being temporarily above/below its trend level)
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PSND is public sector net debt (i.e. total outstanding liabilities of the government, less any short-term financial assets they hold)
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PSNI is public sector net investment (that part of public spending which goes on new "assets", e.g. infrastructure/roads/hospital buildings/new schools etc.)
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LAB V CON
COUNTRY COMPARISONS
STRUCTURAL BALANCE