- Analytics
- News and Tools
- Market News
- UK budget deficit widens in July - ONS
UK budget deficit widens in July - ONS
RTTNews reports that the UK budget deficit widened sharply in July from the last year and debt exceeded GBP 2 trillion for the first time on record, the Office for National Statistics reported Friday.
Public sector net borrowing excluding public sector banks rose by GBP 28.3 billion from last year to GBP 26.7 billion in July. This was the fourth highest borrowing in any month on record.
The ONS said borrowing estimates were subject to greater than usual uncertainty. Borrowing in June was revised down by GBP 6.0 billion to GBP 29.5 billion.
During April to July, borrowing totaled GBP 150.5 billion, which was GBP 128.4 billion more than in the same period last year and the highest borrowing in any April to July period on record.
The estimate indicated that the GBP 150.5 billion borrowing was almost three times the GBP 56.6 billion borrowed in the whole financial year ended March 2020.
Further, data showed that at the end of July, public sector net debt excluding public sector banks exceeded GBP 2 trillion for the first time. Debt at the end of July 2020 was 100.5 percent of gross domestic product.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
