UK DATA: May PSNB-X Stg17.415bn vs Stg18.48n in May 10
–May PSNCR Stg11.104bn vs Stg2.369bn in May 10
–May Current Budget -Stg15.346bn vs -Stg16.492bn in May 10
————————————————————————
UK Public Sector Net Borrowing in May was down slightly on a year
earlier, but there was a substantial upward revision to borrowing in the
previous financial year, figures released by National Statistics Tuesday
showed. Public sector net borrowing excluding financial interventions
(PSNB-X) came in at Stg17.415 billion in May, down from Stg18.48 billion
in the same month a year ago, but a little higher than the median
forecast of Stg15 billion. The current budget deficit excluding
financial interventions eased slightly to Stg15.346 billion from
Stg16.492 billion in May 2010.