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MNI BRIEF: UK Public Borrowing Forecast To Fall To 2.1% GDP

UK Budget forecasts show steady decline in net borrowing.

MNI (LONDON) - The Office for Budget Responsibility, in the official Budget arithmetic, has projected a steady decline in public sector net borrowing over the next five fiscal years with the current budget moving into surplus.

The OBR forecasts showed public sector net borrowing falling from 4.5% of GDP in the 2024-25 fiscal year to 2.1% five years ahead. PSNB was projected to be GBP105.6bn in 2025-26, GBP88.5bn in 2026-27, GBP72.2bn in 2027-28, GBP71.9bn in 2028-29 and GBP70.6bn in 2029-30, equivalent to 2.1% of projected GDP, Chancellor Rachel Reeves announced Wednesday.

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MNI (LONDON) - The Office for Budget Responsibility, in the official Budget arithmetic, has projected a steady decline in public sector net borrowing over the next five fiscal years with the current budget moving into surplus.

The OBR forecasts showed public sector net borrowing falling from 4.5% of GDP in the 2024-25 fiscal year to 2.1% five years ahead. PSNB was projected to be GBP105.6bn in 2025-26, GBP88.5bn in 2026-27, GBP72.2bn in 2027-28, GBP71.9bn in 2028-29 and GBP70.6bn in 2029-30, equivalent to 2.1% of projected GDP, Chancellor Rachel Reeves announced Wednesday.

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