21 June 2013 Last updated at 05:08 ET
Chancellor George Osborne is hoping a reviving UK economy will reduce the budget deficit faster
Government borrowing rose slightly in 2012-13 compared with the previous year, revised figures from the Office for National Statistics have shown.
Public sector borrowing, excluding factors such as the Royal Mail pension fund and transfers from the Bank of England, was £118.8bn in 2012-13.
This was higher than the revised figure of £118.5bn for the year before.
Latest monthly figures showed borrowing fell to £12.7bn in May, down from £15.6bn a year earlier.
Source: BBC News - Business http://www.bbc.co.uk/news/business-22999023#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
