1.5 bln pounds more than in April 2023 (Il Sole 24 Ore Radiocor) - London, 22 May - Net borrowing by the UK public sectorwas 20.5 billion pounds in April, the fourth highest April borrowing since monthly records began in 1993, according to the Office for National Statistics (ONS).

Borrowing , the difference between public sector spending and income, in April 2024 was 1.5 billion pounds more than in April 2023 and 1.2 billion more than the 19.3 billion forecast by the Office for Budget Responsibility (OBR).

Public sector receipts grew 1.6 billion pounds compared with April 2023, however, this growth was outstripped by a 3.1 billion increase in spending over the same period, ONS said.

Public sector net debt excluding public sector banks at the end of April 2024 was provisionally estimated at 97.9% of gross domestic product (GDP); this was 2.5 percentage points more than at the end of April 2023, and remains at levels last seen in the early 1960s, it added.

Excluding the Bank of England, net debt was 89.9% of GDP, 8.0 percentage points lower than the wider debt measure.

Public sector net worth excluding public sector banks was in deficit by 703.4 billion pounds at the end of April 2024, a 93.5 billion larger deficit than at the end of April 2023.

Central government net cash requirement (excluding UK Asset Resolution Ltd and Network Rail) was 18.3 billion pounds in April 2024, 0.5 billion less than in April 2023.

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(RADIOCOR) 22-05-24 08:48:26 (0162) 5 NNNN