The financial surplus of the private sector 1961

Quarterly Bulletin 1962 Q2
Published on 01 June 1962

The United Kingdom is divided, for the purposes of these statistics, into three main sectors-the public sector, the banking sector and the private sector. The private sector consists of all persons and companies (other than banks) resident in the United Kingdom) The saving of the private sector (i.e., the excess of its current income over its current expenditure) has in recent years been more than sufficient to meet its expenditure on real capital assets (fixed capital and stocks and work in progress) and net capital transfers to the public sector. The private sector has therefore had a "financial surplus" available to it for the acquisition of financial claims on, or for the reduction of financial liabilities to, other domestic sectors and for net investment overseas.

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