UK budget office sees debt above 106% of GDP this year

Posted on | by GoldMedalInvestments
imageEconomy12 hours ago (Aug 21, 2020 11:05AM ET)

(C) Reuters. FILE PHOTO: People walk in an office in the financial centre of Canary Wharf

LONDON (Reuters) – Britain’s official budget forecasters raised their estimate for the size of the country’s public debt pile at the end of the current financial year, after data showed earlier on Friday that it had passed 100% of annual economic output for the first time.

The Office for Budget Responsibility said it now expected public sector net debt to increase to 106.4% of gross domestic product, up from a forecast of 104.1% in the central scenario of projections the OBR published last month.

UK budget office sees debt above 106% of GDP this year

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>