Britain’s public sector borrowing risesJuly 21st, 2012 - 2:02 pm ICT by IANS
London, July 21 (IANS) Britain’s public sector net borrowing rose by 0.5 billion pounds ($0.79 billion) year-on-year to top 14.4 billion pounds in June, said the Office for National Statistics (ONS).
The figure is more than the expected of about 13.4 billion pounds for June, raising doubts over the government’s ability to meet its deficit targets, reported Xinhua.
The official figures showed that public sector current budget deficit was 13.0 billion pounds in June, which is 0.6 billion pounds higher than that in the same period of last year, when there was a deficit of 12.4 billion pounds.
ONS Friday said public sector net debt was 1,038.3 billion pounds at the end of June 2012, equivalent to 66.1 percent of gross domestic product (GDP).
- Government to stick to fiscal deficit target, borrowing limit - Apr 09, 2011
- Australia's current account deficit falls in Q3 - Dec 06, 2011
- India's exports rise by 3.2 percent in April year-on-year - May 10, 2012
- `China likely to see trade deficit in two years' - Nov 19, 2011
- Spain on course to meet deficit target: Minister - Apr 25, 2012
- PMEAC lowers 2012-13 GDP forecast to 6.7 percent - Aug 17, 2012
- China's Q2 GDP growth slows (Lead) - Jul 13, 2012
- Spanish economy expected to shrink in 2012 - Jan 24, 2012
- India's exports drop by 5.71 percent in March - May 01, 2012
- German budget deficit in 2011 lower than expected - Jan 13, 2012
- China's exports up 15 percent - Jun 11, 2012
- New Zealand's current account deficit up in Q3 - Dec 21, 2011
- China's crude steel output went up in 2011 - Jan 23, 2012
- Japan's economy contracts - Feb 13, 2012
- Australia's GDP grows - Jun 06, 2012