Tuesday, March 20, 2007

Forex News: 20.03.2007 Budget surplus in UK was 1.9bln stg in February

As the National Office of Statistics reported today, the public sector current budget was in surplus by 1.9bln stg in February, while the analysts estimated 2.0bln. In the preceding month budget deficit was 21.4bln stg.

In the financial year (April 2006 - February 2007) budget deficit was 6.4bln, which is 5.4bln lower than in the same period of 2005/06, when there was a deficit of 11.8bln stg.

At the end of February public sector net debt was 483.5bln stg, which is equivalent to 36.2% of GDP. At the end of February 2006 public sector net dept was 447.7bln (35.4% of GDP).


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