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<p>The Office for National Statistics (ONS) publishes regular data on the public sector
finances including for end-month Public Sector Net Debt. Public sector net debt was
101.9% of gross domestic product (GDP) at 31st August 2020. The next ONS Public sector
finances release is expected on the 21<sup>st</sup> of October 2020.</p><p> </p><p>Our
fiscal response has been the right thing to do to support jobs, livelihoods and the
economy, and will ensure stronger public finances over the longer term. Although this
will lead to a rise in borrowing and debt in the near-term, with borrowing costs now
close to record lows, this is affordable and sustainable. Over time and as the economy
recovers, the government will take the necessary steps to ensure the long-term health
of the public finances.</p><p> </p>
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