The British government’s borrowing in February has exceeded expectations, according to official reports, intensifying pressure on the descent of the university president while preparing for next week’s spring declaration.
In February, the government borrowed £10.7 billion, which began in 1993, according to the National Statistics Office (ONS) in This was far above the city’s predictions, which had predicted a loan of about £7 billion.
For the fiscal year by February, a total of £132.2 billion in borrowing, up from £14.7 billion compared to the same period last year. In October, the ObR Authority (OBR) predicted that public sector borrowing would reach £127.5 billion for the entire fiscal year in March. A update ObR is expected to be released during its spring statement on Wednesday.
“Of £10.7 billion, the public sector borrowing in February did not change in practice in the same month. But borrowing in the fiscal year has risen by about 15 billion pounds in the same period last year,” said Jessica Barnabi, deputy director of public sector finance.
The number of borrows indicates the difference between what the government spends on the public sector and what it receives from tax revenues and other receipts.
Ons says public expenditures for public services have increased compared to the same month last year, with things such as social assistance and investment expenses.
Reeves is scheduled to use the Spring statement to announce further cuts in government expenditures in an attempt to preserve financial discipline. According to his own financial laws, the president of the university has complied with the balance of the current budget, which does not include government investment in 2029-3
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