U.K. Aug. Budget Deficit Exceeds Forecast

U.K. Aug. Budget Deficit Exceeds Forecast


The U.K. budget deficit for August exceeded economists' expectations, but remained unchanged from the previous year level, data from the Office for National Statistics showed Friday.
Excluding intervention, public sector net borrowing was GBP 14.4 billion in August, this was equal to the net borrowing in August 2011. Economists had forecast a level of GBP 13.2 billion.
At the same time, public sector net debt totaled GBP 1,039.5 billion at the end of August, which was equivalent to 66.1 percent of gross domestic product.
Data showed that in 2011/12, public sector net borrowing was GBP 119.3 billion, this was GBP 6.7 billion lower than the Office for Budget Responsibility forecasted net borrowing for 2011/12 of GBP 126 billion.

Yes UK August bugdget exceeds from experts expectations.It is a good review of UK Augest budget.
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