U.K. Public Finances Worsen in April

By @ibtimes on

The United Kingdom continues the struggle to return to fiscal health with the adopted austerity measures and spending cuts to cut the deficit and bring down the high debt.

The public finances in April provided to be a set back with rising borrowing more than expectations, yet easing from March.

Public Finances (Public Sector Net Cash Requirements PSNCR) rose 3.3 billion pounds from a revised 25.3 billion from the originally reported 24.8 billion, higher than the expected 2.5 billion pounds.

Public Sector Net Borrowing rose 7.7 billion pounds from 15.6 billion revised from 16.4 billion; borrowing was also higher than the expected 4.4 billion. Excluding interventions, the deficit widened to 10.0 billion pounds from 17.9 billion that was revised from 18.6 bullion and worse than the expected 6.5 billion pounds.

Join the Discussion