{"id":5772,"date":"2024-10-25T06:04:00","date_gmt":"2024-10-25T06:04:00","guid":{"rendered":"https:\/\/www.asadkarim.co.uk\/?p=5772"},"modified":"2024-10-14T11:55:17","modified_gmt":"2024-10-14T11:55:17","slug":"hm-government-borrowings-september-2024","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=5772","title":{"rendered":"HM Government Borrowings: September 2024"},"content":{"rendered":"\n<p>Another month, guess what, take a lucky guess, it is the same old story, HM Government, spends more money than it receives via taxes and duties. Now we are in a post Covid 19 world. UK\u2019s HM Government needs to fund many new demands. <a href=\"https:\/\/www.dmo.gov.uk\">https:\/\/www.dmo.gov.uk<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2024\/10\/DMO-Sept2024.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2024\/10\/DMO-Sept2024-1024x576.png\" alt=\"\" class=\"wp-image-5773\" srcset=\"https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2024\/10\/DMO-Sept2024-1024x576.png 1024w, https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2024\/10\/DMO-Sept2024-300x169.png 300w, https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2024\/10\/DMO-Sept2024-768x432.png 768w, https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2024\/10\/DMO-Sept2024-624x351.png 624w, https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2024\/10\/DMO-Sept2024.png 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p>Another deficit month, thus to bridge the gap, needs to borrow on the bond market in August 2024, the HM Government had to borrow money to meet the difference between tax revenues and public sector expenditure. The term for this is the PSNCR: The Public Sector Net Cash Requirement. There were \u201conly\u201d 7 auctions of Gilts (UK Government Bonds) by the UK Debt Management Office to raise cash for HM Treasury:-<\/p>\n\n\n\n<p>25-Sep-2024 4% Treasury Gilt 2031 3,750.00 <strong>\u00a33,750.0000 Million<\/strong><br>24-Sep-2024 0\u00be% Index-linked Treasury Gilt 2033 <strong>\u00a31,500.00 Million<\/strong><br>18-Sep-2024 0 7\/8% Green Gilt 2033 <strong>\u00a32,750.00 Million<\/strong><br>17-Sep-2024 4 3\/8% Treasury Gilt 2054 <strong>\u00a32,250.00 Million<\/strong><br>11-Sep-2024 4\u00bc% Treasury Gilt 2034 <strong>\u00a33,750.00 Million<\/strong><br>10-Sep-2024 0 5\/8% Index-linked Treasury Gilt 2045 <strong>\u00a3900.00 Million<\/strong><br>05-Sep-2024 4 1\/8% Treasury Gilt 2029 <strong>\u00a34,000.00 Million<\/strong><\/p>\n\n\n\n<p>3,750.0000 Million + 1,500.00 Million + 2,750.0000 Million + 3,750.00 Million + 900.00 Million + 4,000 Million = <strong>\u00a318,900 Million<\/strong><\/p>\n\n\n\n<p>\u00a318,900 Million = <strong>\u00a318.9 Billion<\/strong><\/p>\n\n\n\n<p>On another way of looking at it, is in the 30 days Sept 2024, HM Government borrowed:- <strong>\u00a3630 Million each day <\/strong>for the 30 days.<\/p>\n\n\n\n<p>We are fortunate, while the global banking and financial markets still has the confidence in HM Government to buy the Gilts (Lend money to the UK), the budget deficit keeps rising. What is also alarming, is the dates these bonds maturing from <strong>2029 to 2054.<\/strong> All long-term borrowings, we are mortgaging our futures, but at least \u201c<strong><em>We Are In It Together\u2026\u2026<\/em><\/strong>\u201c<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another month, guess what, take a lucky guess, it is the same old story, HM Government, spends more money than it receives via taxes and duties. Now we are in a post Covid 19 world. UK\u2019s HM Government needs to fund many new demands. https:\/\/www.dmo.gov.uk Another deficit month, thus to bridge the gap, needs to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5772","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/5772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5772"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/5772\/revisions"}],"predecessor-version":[{"id":5774,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/5772\/revisions\/5774"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}