Tuesday, February 20, 2007

Forex News: 20.02.2007 Jan. U.K. budget deficit increased to 21.4 GBP

The U.K. government budget current budget deficit rose in January to GBP 21.4 billion, up from GBP 13.4 billion proficit in the previous month.

The current budget deficit is important as it is the measure used to see whether the treasury is complying with its own fiscal rule, that current spending and borrowing should be in balance over the economic cycle.

For the fiscal year to date the current budget deficit stands at GBP 8.1 billion, compared with a full-year target of GBP 7.9 billion.


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