[GFQ12] Gross General Government Debt ESA2010 as a Percentage of the Annualised Gross Domestic Product

21 October 2025 - This release also contains a downward revision to the overall General Government Debt (GGD) levels as reported in the Government Finance Statistics April 2025 release.

This revision is due to a review of the recording of the Capital Advance Leasing Facility (CALF). The CALF is a facility which is exclusively available to Approved Housing Bodies (AHBs) to support them in borrowing from private lenders or the Housing Finance Agency (HFA). The CSO undertook this review of the statistical recording of the CALF scheme earlier this year as part of ongoing quality assurance processes which include engagement with stakeholders and liaison groups. It has now been established that funding issued under the CALF is via a loan from central government to local authorities who then on-lend to AHBs, and is not accessed from the private sector. The impact of this finding is a downward revision of GGD as shown below (see Table 1.1). There is no impact on the General Government surplus / deficit (B.9).

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