Double-digit growth in tax receipts in January generated a record monthly budget surplus, up sharply relative to last year. Over the first ten months of 2018-19, borrowing is now down almost half relative to the same period in 2017-18 – a slightly larger fall than implied by our latest full-year forecast.
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Deficit continues to fall sharply in 2018-19
February 21st, 2019 | What's new, Monthly public finances release
Double-digit growth in tax receipts in January generated a record monthly budget surplus, up sharply relative to last year. Over the first ten months of 2018-19, borrowing is now down almost half relative to the same period in 2017-18 – a slightly larger fall than implied by our latest full-year forecast.
Commentary on the public sector finances – January 2019