TeleTrade - Analytics

    TeleTrade

    726.50 6.50/10
    57% of positive reviews
    Real

    21.06.2016 08:36 UK public sector net borrowing down to 9.1 bln in May

    21.06.2016 08:36

    UK public sector net borrowing down to 9.1 bln in May

    Public sector net borrowing (excluding public sector banks) decreased by £16.7 billion to £74.9 billion in the complete financial year ending March 2016 (April 2015 to March 2016), compared with the previous financial year. This £74.9 billion represents a £0.9 billion increase to the initial estimate of the complete financial year borrowing published in the March 2016 statistical bulletin.


    Public sector net borrowing (excluding public sector banks) increased by £0.2 billion to £17.9 billion in the current financial year-to-date (April to May 2016) compared with the same period in 2015.


    Public sector net debt (excluding public sector banks) at the end of May 2016 was £1,606.9 billion, equivalent to 83.7% of gross domestic product (GDP); an increase of £49.6 billion compared with May 2015.


    Central government net cash requirement decreased by £26.5 billion to £58.1 billion in the complete financial year ending March 2016 (April 2015 to March 2016), compared with the previous financial year.



    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree