Great Britain patches holes in budget 2010

UK budget deficit is too large

In brief: Budget Britain was vulnerable. The budget deficit the country is so great that it is comparable only with the 1993 budget.

UK budget deficit in April was the highest since 1993. He totaled 10 billion pounds sterling (14,4 billion dollars) compared with 8.8 billion pounds in April 2009. The consensus forecast of economists was 10.9 billion pounds. As a result of the financial year ended 31 March, the UK budget deficit amounted to 156 billion pounds, not 163 billion pounds, as previously reported.

Record budget deficit is expected to push the UK authorities to more active measures to reduce government spending. Chancellor of the Exchequer George Osborne has announced this week a plan to reduce government spending by 6 billion pounds (8.72 billion dollars), details of which will be published next week. A June 22 Osborne will submit to parliament a draft emergency budget of the country.

Anrey Torbinski
2010-05-21 21:35, Economics.

News on: , , , , ,

Post a comment