Increase in public borrowing in June United Kingdom.

Last modified GMT 7/20/2012 10:44 Nameplate of 22 Whitehall, home to several government departments , continue to squeeze the finances more than expected in June, leading some analysts to question whether deficit reduction target will meet this year it borrowed the United Kingdom Government of the weak economy.

Except for intervention, such as banks, public sector net borrowing £ 14400000000 last month, £ 13 3900000000 was 6/2011 to the Office for national statistics (ONS).

Analysts say that £ much about 13.4bn expected low numbers.

Treasury said was saying and how many years would borrowing soon it also.

Finance Ministry spokesman said "as a whole concluded fiscal year information is too early".

Said the estimates than expected of the Office of budget responsibility now "is volatile data, revision to be easy", he had been revised borrowing for-12 again 2011.

Its forecasts are used by the Government OBR, 3/2012., £ predicted 126 bn loan.

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Labour market weaker economy suggests official figures this week, from the good news, the more raised the hope might be. Continue the finances in today's numbers puzzle.

Not to see normal flat last year something in the first 3 months of fiscal revenue is higher than economic contraction or run 2.5%.

Monthly public finance figures are notorious for the instability. Also says local authorities push the debt this year to fall by Central Government borrowing and spending is apparently some changes to increase borrowings for the timing of expenditures.

However, to remind the Prime Minister wrote his budget when economic prospects looked bright,. He warned if the economy didn't pick up, he is should alleviate budget to the IMF this week is and. Is forced already have weaker growth figures today is recommended.

ONS now borrowing financial last year actually £ 125 1700000000, last month was £ is 127.6bn estimate revisions.

'Deteriorating'

Analysts is £ 14.4bn estimate June £ lower 1 billion ONS new had expected borrowing release.

By less than the overshoot provincial fiscal year surplus was because of the delay or reduction in Central Government grants.

On the other hand, federal tax receipts are down five years ago has VAT receipts.

Coalition to eliminate the structural deficit by-17 2016 promises tax rises and comes power 2010, may has introduced a series of spending cuts from.

OBR is 2012-£13 120 bn borrowing are expected.

Meeting at Investec Economist Vicky Clark and its target ", a bit more challenging" look, looked like it from Vicky Redwood capital economics borrowing OBR annually about £ will miss forecast by 20 bn.

Continue key financial terms: meaningful description of AAA with the drop-down list and read the main story-grading the show very small risk of debt default and give the borrower's debt credit rating ". Influence of bank holiday more certainly, some data is a bit volatile recently "said Ms Redwood.

"Even though the trend is the full effect of the financial return to the recession now, have been worse a few months recently yet seen is".

Pointed out that economic growth as the main concern of the other Government.

"Problem is government economic activity could fall this year at the beginning, forecasts short, could see the rising deficit higher in itself it is from both from the lack of extra expenditure tax receipts" told the BBC, an economist at Lloyds Bank, David page.

If the International Monetary Fund (IMF) does not recover, growth, Government slows down the pace of budget cuts next year on Thursday should be and said.

This week the Prime Minister David Cameron strained at first confirmed the end of 2020.


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