UK Public Sector Net Borrowing was £39.4 billion

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Friday, Jul 20 2018

UK Public Sector Net Borrowing was £39.4 billion

Public sector net borrowing (excluding public sector banks) in the latest full financial year (April 2017 to March 2018) was £39.4 billion; that is, £6.3 billion less than in the previous financial year (April 2016 to March 2017) and £5.8 billion less than official (Office for Budget Responsibility) expectations; this is the lowest net borrowing since the financial year ending March 2007.

Public sector net borrowing (excluding public sector banks) in the current financial year-to-date (April 2018 to June 2018) was £16.8 billion; that is, £5.4 billion less than in the same period in 2017; this is the lowest year-to-date (April to June) net borrowing since 2007. Public sector net borrowing (excluding public sector banks) decreased by £0.8 billion to £5.4 billion in June 2018, compared with June 2017; this is the lowest June net borrowing since 2016.

More in this category: « Eurozone Current Account a surplus of €22 billion Canadian CPI rose 2.5% »

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