The public sector recorded a modest budget deficit in February, a £0.3 billion improvement on last year, largely reflecting timing effects that depressed public spending. But the data have yet to reflect the spread of the coronavirus in any significant way. In coming months the resulting disruption of economic activity and the policy measures taken by the Government and the Bank of England will increase public sector borrowing and debt significantly.
"It is the duty of the Office to examine and report on the sustainability of the public finances"