Britain's public sector borrowing rises
London, July 21 (IANS) Britain's public sector net borrowing rose by 0.5 billion pounds ($0.79 billion) year-on-year to top 14.4 billion pounds in June, said the Office for National Statistics (ONS).
The figure is more than the expected of about 13.4 billion pounds for June, raising doubts over the government's ability to meet its deficit targets, reported Xinhua.
The official figures showed that public sector current budget deficit was 13.0 billion pounds in June, which is 0.6 billion pounds higher than that in the same period of last year, when there was a deficit of 12.4 billion pounds.
ONS Friday said public sector net debt was 1,038.3 billion pounds at the end of June 2012, equivalent to 66.1 percent of gross domestic product (GDP).
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