© Reuters. FILE PHOTO: The City of London financial district can be seen as people walk along the south side of the River Thames, amid the coronavirus disease (COVID-19) outbreak in London, Britain, March 19, 2021. REUTERS/Henry Nicholls
LONDON (Reuters) – British public-sector net borrowing, excluding state-owned banks, totalled 151.8 billion pounds ($193.59 billion) in the 2021/22 financial year, above the most recent estimate by the government’s budget forecasters.
Last month, the Office for Budget Responsibility said it expected borrowing in 2021/22 to be 127.8 billion pounds.
In March alone, borrowing was 18.1 billion pounds, the Office for National Statistics said on Tuesday, below the average forecast of a deficit of 19.25 billion pounds in a Reuters poll of economists.($1 = 0.7841 pounds)
UK public borrowing above government forecasts in 2021/22 year