Britain undershoots annual borrowing forecast: official

21st April 2011, Comments 0 comments

The British government has undershot its borrowing target for the fiscal year after requiring a smaller than expected amount in March, official data showed on Thursday.

The state's public sector net borrowing stood at £18.6 billion (21 billion euros, $30.1 billion) in March, the Office for National Statistics (ONS) said in a statement.

Analysts had forecast borrowing of £19.1 billion in March, according to a poll by Dow Jones Newswires.

The data means that in the 2010/2011 fiscal year the public sector borrowed £141.1 billion, below the £145.9 billion requirement forecast by the Office for Budget Responsibility in March.

© 2011 AFP

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