March 2023
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Read the executive summary of the March 2023 Economic and fiscal outlook
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Government borrowing in February 2023 was £16.7 billion, up £9.7 billion on last year, largely thanks to spending on energy schemes. Year-to-date borrowing of £132.2 billion is up £15.5 billion (13.2 per cent) on last year. But it is only up £6.9 billion (5.9 per cent) on a like-for-like basis (correcting for student loans figures not yet recorded in outturn). While this is smaller than the full-year rise in our March forecast, energy schemes will lift borrowing in March too and data uncertainties remain considerable.
March 2023
Read the executive summary of the March 2023 Economic and fiscal outlook
March 2023
Richard Hughes, Chair of the OBR, explains the top 5 takeaways from our report.
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