Financial News: UK Budget Deficit Narrows In July

UK Budget Deficit Narrows In July

08/21/2025 - 03:10:00 (RTTNews)

(RTTNews) - The UK budget deficit narrowed in July to the lowest level for the month in three years, the Office for National Statistics said Thursday.

Public sector net borrowing decreased to GBP 1.1 billion from GBP 3.4 billion in the previous year.

Borrowing was below the GBP 2.1 billion shortfall projected by the Office for Budget Responsibility and also reached the lowest July borrowing for three years.

In the financial year to July, borrowing increased by GBP 6.7 billion from the same period last year to GBP 60.0 billion, which was the third-highest April to July borrowing on record.

Data showed that public sector net debt excluding public sector banks was estimated at 96.1 percent of gross domestic product at the end of July.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Mainland Norway GDP Grows 0.6% In Q2 (04 min(s), 54 sec(s) ago)
(RTTNews) - The mainland Norwegian economy expanded for the second straight quarter in the three ...Full Story»

Dutch Consumer Confidence Remains Stable At -32.0 (01 hr(s), 42 min(s), 54 sec(s) ago)
(RTTNews) - Dutch consumers remained equally pessimistic in August compared to July, data from the ...Full Story»

German Private Sector Growth At 5-Month High (02 hr(s), 36 min(s), 54 sec(s) ago)
(RTTNews) - Germany's private sector grew the most in five months in August driven by the uptu ...Full Story»

Swiss Trade Surplus Rises In July (02 hr(s), 40 min(s), 54 sec(s) ago)
(RTTNews) - Switzerland's foreign trade surplus increased slightly in July, data from the Fede ...Full Story»

French Private Sector Moves Closer To Stabilization (02 hr(s), 52 min(s), 54 sec(s) ago)
(RTTNews) - France private sector activity showed signs of stabilization in August after a sustain ...Full Story»

India Private Sector Growth Hits Record High (03 hr(s), 14 min(s), 54 sec(s) ago)
(RTTNews) - India's private sector activity expanded at the fastest pace on record amid sharp ...Full Story»

UK Budget Deficit Narrows In July (03 hr(s), 35 min(s), 54 sec(s) ago)
(RTTNews) - The UK budget deficit narrowed in July to the lowest level for the month in three year ...Full Story»

European Economic News Preview: Eurozone Flash PMI Data Due (05 hr(s), 10 min(s), 54 sec(s) ago)
(RTTNews) - Flash Purchasing Managers' survey results from the euro area and the UK are the to ...Full Story»