<\/p>\n\n\n\n
In February, Britain experienced a larger-than-expected budget deficit, driven by increased cost-of-living payments and the lingering impact of past inflation on public finances, according to official data released on Thursday.<\/p>\n\n\n\n
The public sector net borrowing, excluding state-owned banks, amounted to \u00a38.401 billion last month, compared to \u00a311.843 billion recorded a year ago. However, this figure surpassed economists’ expectations from a Reuters poll, which had forecasted a deficit of approximately \u00a35.95 billion.<\/p>\n\n\n\n
With just one month remaining in the 2023\/24 financial year, the cumulative budget deficit for the year reached \u00a3106.8 billion. Although this represents a 4.1% decrease compared to the first 11 months of the 2022\/23 financial year, it still falls short of earlier forecasts.<\/p>\n\n\n\n
Earlier in March, the Office for Budget Responsibility had projected a budget deficit of \u00a3114.1 billion for the 2023\/24 fiscal year.<\/p>\n\n\n\n
The larger-than-expected deficit in February underscores the challenges faced by the British government in managing public finances amid rising costs and inflationary pressures.<\/p>\n","protected":false},"excerpt":{"rendered":"
In February, Britain experienced a larger-than-expected budget deficit, driven by increased cost-of-living payments and the lingering impact of past inflation on public finances, according to official data released on Thursday. The public sector net borrowing, excluding state-owned banks, amounted to \u00a38.401 billion last month, compared to \u00a311.843 billion recorded a year ago. However, this figure …<\/p>\n","protected":false},"author":9,"featured_media":45919,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6832,10278,7229],"class_list":["post-98927","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-china","tag-labour-party","tag-sunak"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/98927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=98927"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/98927\/revisions"}],"predecessor-version":[{"id":98928,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/98927\/revisions\/98928"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/45919"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=98927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=98927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=98927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}