Economic Buzz: UK Public Sector Logs Fourth Highest December Borrowing On Record

25 Jan 2022 , 02:48 PM

UK public sector net borrowing excluding public sector banks declined by GBP 7.6 billion from the previous year to GBP 16.8 billion in December, data released by the Office for National Statistics showed on Tuesday. However, this was the fourth-highest December borrowing since records began in 1993. Central government receipts grew GBP 6.2 billion from the last year, while central government expenditure dropped GBP 1 billion. In the financial year to December, the budget deficit was GBP 146.8 billion, which was the second-highest financial year-to-December borrowing since monthly records began in 1993.

Powered by Commodity Insights