a current budget deficit excluding the temporary effects of financial interventions of £10.8 billion in December 2011 • net borrowing excluding the temporary effects of financial interventions of £13.7 billion in December 2011 • net debt excluding the temporary effects of financial interventions was £1003.9 billion, equivalent to 64.2 per cent of GDP Background The PSF Statistical Bulletin, is published jointly by ONS and HM Treasury on a monthly basis, and provides the latest available measures for key public sector financial statistics such as Public Sector Current Budget (PSCB), Net Borrowing (PSNB), Net Debt ... (full story)