Showing posts with label Office for Budget Responsibility. Show all posts
Showing posts with label Office for Budget Responsibility. Show all posts

Friday, 20 July 2012

Net Borrowing Lower Than Predicted

Public sector net borrowing increased by £0.5bn to £14.4bn in June 2012 compared with June 2011. The net budget deficit was £0.6bn higher at £13bn.

Over the year 2011/12 public sector net borrowing was £125.7bn, £0.3bn lower than predicted by the Office for Budget Responsibility.

Public sector net debt was £1038.3bn equivalent to 66.1% of GDP.