UK budget deficit narrows in AugustStaff Writer | September 21, 2017
The UK budget deficit decreased to its lowest August level since 2007, data from the Office for National Statistics showed Thursday.
Britain Public sector net debt totaled GBP 1,773.3 billion
In the current financial year-to-date period, PSNB fell GBP 0.2 billion to GBP 28.3 billion.
The Office for Budget Responsibility forecast the PSNB will be GBP 58.3 billion during the financial year ending March 2018.
Public sector net debt totaled GBP 1,773.3 billion at the end of August, which was equivalent to 88.0% of gross domestic product, an increase of GBP 150.9 billion on August 2016. ■