Jumat, 20 September 2013

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August borrowing less than expected

Breaking news

The government borrowed less than expected in August, official figures show, helped by a fall in spending by government departments.

Public sector borrowing for the month was £13.2bn, the Office for National Statistics (ONS) said, lower than the £14.4bn recorded in August 2012.

The UK's net public debt pile stands at £1.19 trillion, which is equivalent to 74.6% of GDP.

The government is aiming for a deficit of no more than £120bn this year.



Source: BBC News - Business http://www.bbc.co.uk/news/business-24173414#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa