Friday, January 19, 2007

Forex News: 19.01.2007 The budget deficit (PSBR) in UK was up to expectations

According to the data released by National Office of Statistics today, the budget deficit (PSBR) rose twice in December, coming up to analysts’ expectations.

The index was 13.4bln stg in December, compared with 7.1bln in November, which is 1.9bln lower than in December 2005.

At the annual rate, the budget deficit was 36.9bln stg, 6.8bln lower than in the preceding year (43.7bln).

At the end of December 2006 public sector net debt was 504.1bln, which is equivalent to 38.1 percent of GDP. In the end of December 2005 the index was 467.1bln - 37.3 percent of GDP.


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