UK public debt sparks AAA-rating concerns

BRITISH state borrowing jumped in December, official data shows, stoking renewed speculation over the country's top-level AAA credit rating.

Public sector net borrowing - the government's preferred measure of the budget deficit - climbed to STG15.4 billion ($A23.33 billion) in December, the Office for National Statistics (ONS) said in a statement on Tuesday.

That was worse than market expectations for public borrowing of STG15.2 billion in December, according to analysts polled by Dow Jones Newswires, and compared with borrowing of STG14.8 billion in December 2011.

The data excludes the temporary effects of financial interventions such as bank bailouts.

The ONS added that borrowing rose last month as public expenditure outstripped taxation receipts -- despite British finance minister George Osborne's ongoing austerity measures.

Total expenditure grew by 5.4 per cent but tax receipts climbed by just 3.6 per cent in December.

"The December public finance data will do little to deter high and mounting expectations that at least one of the credit ratings agencies will strip the UK of its AAA rating within the next few months," said IHG Global Insight economist Howard Archer.

"Indeed, all three of the major credit rating agencies now have the UK's AAA rating on negative outlook."

Anda sedang membaca artikel tentang

UK public debt sparks AAA-rating concerns

Dengan url

https://petualanganseo.blogspot.com/2013/01/uk-public-debt-sparks-aaa-rating.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

UK public debt sparks AAA-rating concerns

namun jangan lupa untuk meletakkan link

UK public debt sparks AAA-rating concerns

sebagai sumbernya