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Public Sector Net Borrowing decreased by £0.1 billion

Wednesday, Jun 21 2017
Public Sector Net Borrowing decreased by £0.1 billion

Public sector net borrowing (excluding public sector banks) decreased by £0.1 billion to £16.1 billion in the current financial year-to-date (April 2017 to May 2017), compared with the same period in 2016; this is the lowest year-to-date net borrowing since 2008. The Office for Budget Responsibility (OBR) forecast that public sector net borrowing (excluding public sector banks) will be £58.3 billion during the financial year ending March 2018.

 

Public sector net borrowing (excluding public sector banks) decreased by £0.3 billion to £6.7 billion in May 2017, compared with May 2016; this is the lowest May borrowing since 2007.Public sector net borrowing (excluding public sector banks) decreased by £25.6 billion to £46.6 billion in the financial year ending March 2017 (April 2016 to March 2017), compared with the financial year ending March 2016; this is the lowest net borrowing since the financial year ending March 2008.

Last modified on Thursday, 22 June 2017
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