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UK records 25.6 billion pound budget deficit in April

2023-05-23 14:21
LONDON (Reuters) -Britain recorded a budget deficit of 25.56 billion pounds ($32.26 billion) in April, the Office for National Statistics
UK records 25.6 billion pound budget deficit in April

LONDON (Reuters) -Britain recorded a budget deficit of 25.56 billion pounds ($32.26 billion) in April, the Office for National Statistics said on Tuesday.

A Reuters poll of economists had pointed to public sector net borrowing, excluding state-owned banks, of 19.75 billion pounds.

The ONS revised down its estimate for the budget deficit in the 2022/23 financial year that ended in March to 137.1 billion pounds, from 139.2 billion pounds previously.

In April, Britain added 9.8 billion pounds to its debt interest bill - the highest total for the month since comparable records started in 1993 and reflecting interest payable on inflation-linked government bonds.

($1 = 0.7923 pounds)

(Reporting by Sachin Ravikumar and Andy BruceEditing by William Schomberg and Sarah Young)