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Article: UK Public Sector Borrowing Stands at 3.6bn Pounds in June
- Article from:
- Xinhua News Agency
- Article date:
- July 17, 1996
CopyrightCopyright 1996 Xinhua English Newswire. Provided by ProQuest LLC. (Hide copyright information)
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The British government borrowed 3.6 billion pounds (5.6 billion US
dollars) last month to cover the shortfall between spending and tax
revenue, according to the Office for National Statistics (ONS).
Last month's data were up on June last year and well above the
three billion pounds (4.7 billion US dollars) expected in the City.
In addition, May's public sector borrowing requirement (PSBR) was
revised up by 300 million pounds (465 million US dollars).
Together this took the cumulative PSBR in the first three months
of the financial year, excluding privatization proceeds, to 12
billion pounds (18.6 billion US dollars), up from 11.3 billion pounds
(17.5 billion US dollars) ...