Continued strength in receipts growth means borrowing over the first eight months of 2018-19 is down almost 30 per cent relative to the same period in 2017-18.
Higher spending growth in October pushed the deficit up relative to last October. But strong receipts growth means borrowing in the first seven months of 2018-19 is still down almost 30 per cent relative to the same period in 2017-18.
Strong tax receipts and lower debt interest payments are sustaining a sharp fall in the budget deficit relative to last year. Extrapolating performance over the year to date would see the full-year deficit come in £11 billion lower than forecast in March, however the recent strength of cash corporation tax receipts is not yet being…
Despite rising in August, borrowing in the first five months of 2018-19 was almost a third lower than in the same period last year. On a like-for-like basis receipts growth has so far outpaced our full-year March forecast, while debt interest spending is already down £2.2 billion on last year.
Category Archive: Monthly public finances release
Deficit continues to fall significantly in 2018-19
21 December 2018 | Monthly public finances release
Continued strength in receipts growth means borrowing over the first eight months of 2018-19 is down almost 30 per cent relative to the same period in 2017-18.
Deficit up in October but down sharply so far in 2018-19
21 November 2018 | Monthly public finances release
Higher spending growth in October pushed the deficit up relative to last October. But strong receipts growth means borrowing in the first seven months of 2018-19 is still down almost 30 per cent relative to the same period in 2017-18.
Strong receipts growth keeps deficit falling
19 October 2018 | Monthly public finances release
Strong tax receipts and lower debt interest payments are sustaining a sharp fall in the budget deficit relative to last year. Extrapolating performance over the year to date would see the full-year deficit come in £11 billion lower than forecast in March, however the recent strength of cash corporation tax receipts is not yet being…
Year to date borrowing continues to fall
21 September 2018 | Monthly public finances release
Despite rising in August, borrowing in the first five months of 2018-19 was almost a third lower than in the same period last year. On a like-for-like basis receipts growth has so far outpaced our full-year March forecast, while debt interest spending is already down £2.2 billion on last year.