British state borrowing fell in September, hitting the lowest level for the month since 2008, but analysts warned that the government still appeared likely to miss its annual deficit target. Public sector net borrowing stood at £12.8 billion ($20.5 billion, 15.7 billion euros) last month, the Office for National Statistics said in a statement. That compared with £13.5 billion in September 2011. The data excludes the temporary effects of financial interventions such as bank bailouts. Market expectations had been for public borrowing to hit a higher £13.9 billion in September, according to analysts polled by Dow Jones Newswires. Britain's Office for Budget Responsibility (OBR) has set the government's borrowing target for the 2012/2013 financial year, which ends in March, at £120 billion. That compared with an official deficit of £121.6 billion in 2011/2012. "If the trend in the first six months of the fiscal year continues, it still looks like borrowing for 2012/13 will overshoot the OBR's forecast... by about £7.0 billion," said economist Martin Beck at Capital Economics consultancy. British finance minister George Osborne is due to present an update of the government's budget plans on December 5.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor