Public Sector Net Borrowing Ex Banks

22/09/2026 lúc 13:00 GMT+7 · Kỳ Aug

In the UK, public sector net borrowing excluding public sector banks (PSNB ex) measures the gap between revenue raised (current receipts) and total spending. Total spending refers to current expenditure plus net investment (capital spending less capital receipts). Public sector net borrowing (PSNB) is often referred to by commentators as “the deficit”.