empty
 
 

2018.01.2304:45:00UTC+00UK Budget Deficit Narrows In December

The UK budget deficit narrowed in December, data from the Office for National Statistics showed Tuesday.

Public sector net borrowing excluding banks decreased by GBP 2.5 billion from the previous year to GBP 2.6 billion, which was the lowest December net borrowing since 2000.

This decline was caused by a GBP 1.2 billion credit from the European Union.

During the current financial year-to-date period, PSNB excluding interventions fell by GBP 6.6 billion to GBP 50 billion. The Office for Budget Responsibility forecasts that PSNB will be GBP 49.9 billion for the financial year ending March 2018.

At the end of December, public sector net debt was GBP 1,759.5 billion equivalent to 85.4 percent of gross domestic product.

  • 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 $1000 more!
    In April we raffle $1000 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