(ONS) The UK recorded a total of 17.4 billion pounds in public sector net borrowing in November, a 4.9 billion pounds decline from the prior year.
The borrowing rate in the latest month was the second-highest in November borrowing on the series record since 1993.
The public sector borrowing reached 136.0 billion pounds in the financial year to November, a decline of 115.8 billion pounds compared to the prior year. The borrowing was still the second-highest since series data since 1993.
The UK’s net debt in the public sector was recorded at 2,317.7 billion pounds through November, representing a record ratio of 96.1% to GDP since March 1993. The debt has risen by more than 500 billion pounds since the onset of the pandemic.
Total receipts by the central government rose 4.3% to 61.1 billion pounds in November from the previous year. The spending by the central government agencies was 76.6 billion pounds, a decline of 6.9% from the year before.
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