Friday, June 18, 2010
Public finances improving
Posted by David Smith at 02:00 PM
Category: Thoughts and responses

Not so long ago every month brought new horrors on the public finances. Now they are getting better, though there is a long way to go. Public sector net borrowing in May, 16 billion, was down on the 17.4 billion of May 2009. Net borrowing for April-May combined was 1.9 billion lower than a year earlier. Revenues appear to be picking up quite strongly/ Borrowing for 2009-10 has again been revised lower, to 154.7 billion. More here.