empty
 
 

2021.01.2206:43:00UTC+00UK Budget Deficit Third Highest On Record In December

The UK budget deficit widened to the third highest level on record in December, data from the Office for National Statistics showed Friday.

Public sector net borrowing, excluding public sector banks, totaled GBP 34.1 billion in December, which was GBP 28.2 billion more than in the same period last year.

This was both the highest December borrowing and the third-highest borrowing in any month since monthly records began in 1993.

During the financial year April to December period, public sector net borrowing increased by GBP 212.7 billion from the last year to GBP 270.8 billion, the highest deficit in any April to December period since 1993.

In the first nine months of the financial year, public sector net debt reached GBP 2,131.7 billion, or around 99.4 percent of GDP. This was the highest debt to GDP ratio since the financial year ending 1962.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback