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Govt Spending Lifts YTD Borrowing, Even as..>

UK DATA
UK DATA: Govt Spending Lifts YTD Borrowing, Even as Dec Falls
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- DEC PSNB-X GBP4.765BN VS GBP4.981 BN IN DEC 2018
- DEC CGNCR GBP15.421BN VS GBP18.163 BN DEC 2018
- DEC PSNCR GBP16.596BN VS GBP22.085BN Dec 2018}
- DEC DEBT/GDP RATIO EX-BOE 73.0% VS 73.1% DEC 2018}
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UK year-to-date borrowing rose in December to GBP54.6bn, well above the 
OBR target of GBP47.6bn for the current financial year. Year-to-date 
CGNCR surged as well to GBP57.6bn, which is an increase by GPB17.1bn 
compared to the same period in the previous year. Debt-to-GDP ratio rose 
to 73.0% in Dec. The rise in December expenditure was in part due to the 
start of the latest NHS five year spending round. 

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