Box sets » Financial transactions » Network Rail

Revisions to the central government net cash requirement forecast

Revisions to the central government net cash requirement forecast
Our March 2015 Economic and fiscal outlook forecast highlighted that CGNCR ex outturn were significantly lower than what implied by our fiscal forecast. This box decomposed the revisions to CGNCR ex since our March 2015 forecast and it explained the factors that contributed to the divergence between our CGNCR ex forecast and the outturn.

Fiscal categories:
Current government net cash requirement    Financial transactions    Network Rail   

Cross-cutting categories:
Forecast process   

Forecasting debt interest spending

Forecasting debt interest spending
Our March 2015 Economic and fiscal outlook forecast highlighted large changes in our debt interest forecast since previous fiscal events and the added complexity that debt interest was expressed net of the effect of gilts held by the Bank of England Asset Purchase Facility (APF) associated with past quantitative easing. This box described how we produced the debt interest forecast and illustrated some of the sensitivities to which it was subject.

Economy categories:
Interest rates   

Fiscal categories:
Debt interest spending    Public sector net borrowing    Public sector net debt    Public spending    Financial transactions    Network Rail    Asset Purchase Facility   

Cross-cutting categories:
Forecast process    Pensions   

Classification changes affecting the public finances data

Public finances data are subject to regular classification and methodological changes. This box outlined the classification changes associated with the implementation of the new 2010 European System of Accounts (ESA10). Annex B of our March 2014 EFO explained these changes in more detail.

Economy categories:
Economic data revisions   

Fiscal categories:
Public spending    Receipts    Financial transactions    Network Rail    Public sector net debt    Asset Purchase Facility    Royal Mail    Public service pension payments    EU contributions   

Cross-cutting categories:
Financial sector    Classification changes    Data revisions    Pensions   

Classifications changes affecting the public finances data

This box explored the implications of the new 2010 European System of Accounts (ESA10) on our public finances forecast, ahead of its incorporation in our December 2014 EFO. Annex B of our March 2014 EFO explained these changes in more detail.

Economy categories:
Economic data revisions   

Fiscal categories:
Asset Purchase Facility    Royal Mail    Public service pension payments    EU contributions    Public sector net debt    Public spending    Receipts    Financial transactions    Network Rail   

Cross-cutting categories:
Data revisions    Pensions    Classification changes    Financial sector   

Potential changes to public finances data

Public finances data are subject to regular classification and methodological changes. This box outlined potential classification changes ahead of the PSF review. Annex B of our March 2014 EFO explained these changes in more detail.

Fiscal categories:
Asset Purchase Facility    Financial transactions    Network Rail    Public sector net debt    Public sector net borrowing    Royal Mail   

Cross-cutting categories:
Classification changes    Pensions    Data revisions