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Public sector finances have just got worse.
Stephen Lewis, at Monument Securities said: "Very disappointing figure on public sector finances.
The impact of the crisis was the peacetime equivalent of the devastation wreaked on public sector finances by war itself.
Public sector finances will still take a huge hit, which will affect some departments much harder than others.
Government spending increased 0.9%, backing up data from the public sector finances that the government hasn't been particularly "successful" in its austerity drive.
"Public sector finances are spinning out of control — fast," said Carl Weinberg, chief economist at High Frequency Economics in a recent note to clients.
Similar(33)
"There just isn't a lot of private sector financing for those projects".
All are filling the void of private sector financing for start-ups.
The public sector finance figures for April – the first month of the new fiscal year – are disappointing.
This can help stimulate the significant private sector financing required for smart urban infrastructure development.
"In the commercial sector, financing is the biggest barrier," Ms. Schuur said.
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