ONS blog

What exactly is PSNFL?: Explaining the new headline target for government debt 

Today, the Chancellor of the Exchequer has announced that the Government will use a broader definition of debt for its fiscal target, Public Sector Net Financial Liabilities (PSNFL), referred to by government as ‘net financial debt’. In a blog post Jessica Barnaby explains how that statistic is defined and how it differs from the metric used before.

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