UK Public Sector Net Borrowing In April Lowest Since 2007

LONDON (Alliance News) - UK's public sector net borrowing in April was the lowest for the month ...

Alliance News 22 May, 2019 | 10:36AM
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LONDON (Alliance News) - UK's public sector net borrowing in April was the lowest for the month since 2007, preliminary data from the Office for National Statistics showed on Wednesday.

Public sector net borrowing excluding public sector banks was GBP5.8 billion, which was 30 million less than a year ago.

Net borrowing was the lowest for April since 2007, the ONS said. In March, the borrowing showed a surplus of GBP94 million.

Total net borrowing was GBP5 billion in April versus a surplus of GBP958 million in March. Economists had forecast borrowing of GBP5.1 billion.

The public sector net cash requirement was minus GBP7.1 billion in April versus GBP8.8 billion in March.

The central government NCR was minus GBP9.8 billion versus GBP22.1 billion in March.

The public sector net debt excluding public sector banks at the end of April was GBP1.798 tillion or 82.7% of GDP. The debt figure rose by GBP20.5 billion from a year ago.

Copyright RTT News/dpa-AFX

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