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.
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Year to date borrowing continues to fall
September 21st, 2018 | What's new, 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.
Commentary on the public sector finances – August 2018