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By Paul Burton of the Bank's Monetary and Financial Statistics Division.
Public sector net debt (PSND) stood at £310.0 billion as at end-March 2002, £4.1 billion higher than at end-March 2001. This was equivalent to 30.4% of GDP, some 0.9 percentage points lower than at end-March 2001. This annual article examines the structure of the financial liabilities of the UK public sector.
Public sector debt: end-March 2002