GG: Subsidies, Total paid (D3): CP NSA

Source dataset: Public sector finances time series (PUSF)

View other variations of this time series

Correction

5 October 2021

Following publication on 21 September 2021, an error has been found in the Public Sector Finances (PSF): August 2021 release. The error affects data for the period April 2020 to August 2021 inclusive.

Public Sector Net Borrowing (excluding Public Sector Banks – PSNB ex) was overstated by £4.6 billion in the financial year ending March 2021 and £2.5 billion in the financial year-to-August 2021. PSNB is now estimated to have been £320.5 billion in the financial year ending March 2021 and £91.3 billion in the financial year-to-August 2021.

This error was the result of provisional data for the Public Sector Funded Pension Schemes being used in the estimation of the published dataset.

In September 2021, we changed the discount rate used for future pension liabilities from 5% to 4%, taking on a change in international statistical standards. However, in the provisional dataset, the data for April 2020 onwards for these public sector schemes was estimated using the 5% discount rate. In the corrected version, this had been updated, consistent with the 4% rate.

Correcting this error has affected Public Sector Funded Pension Schemes’ net borrowing and so Public Sector Net Borrowing. There has been no impact on net cash requirement or net debt as a result of this correction.

ONS apologises for any inconvenience caused by this error.

Gweld y fersiwn wedi'i disodli

Cyswllt:
Public Sector Finance Delivery team

Dyddiad y datganiad:
22 October 2024
View previous versions

Cyhoeddiad nesaf:
21 November 2024

ID y gyfres: NMRL Beth yw hyn?

Filters

Use these filters to interact with the following chart of data.
Dangos data fel
Amlder
Cyfnod amser

Custom time period

O
To

Siart

Period Value

Download this time seriesGG: Subsidies, Total paid (D3): CP NSA

Download full time series as:

Delwedd .csv .xls
image .csv .xls

Cyfresi amser cysylltiedig

Gweld a lawrlwytho pob cyfres amser cysylltiedig

Variations of this time series in other datasets

Publications that use this data

Manylion cyswllt ar gyfer y data hwn

Public Sector Finance Delivery team
public.sector.inquiries@ons.gov.uk
Ffôn : +44 1633 456402