Off the wire
• Feature: Chinese scholar pitch tent at Kenya varsity to cement friendship  • Philippines inks rules on food safety law  • Luis Enrique confident ahead of busy calendar  • Roundup: Execution delay may risk Indonesia's foreign relations  • 2nd LD: Senior officials killed in Mogadishu explosions  • Italy's industrial turnover, orders up in December  • Police strengthen drink driving checks  • Non-ferrous metal sector continues to falter  • Albanian court convicts 10 central bank employees over vault theft  • China lodges strong representation on Modi's visit to disputed border zone  
You are here: 　 Home

British sees public surplus of 8.8 bln pounds in Jan.

Xinhua, February 20, 2015 Adjust font size:

The British government saw a fiscal surplus of 8.8 billion pounds (about 13.5 billion U.S. dollars) in January 2015, an increased surplus of 2.3 billion pounds compared with a year earlier, said the Office for National Statistics (ONS) Friday.

Analysts here reckon that January's public sector finance data traditionally shows a surplus, because it includes tax receipts from those who submit self-assessment forms.

Britain's self-assessed income tax receipt were 12.3 billion pounds in January, increasing by 1.7 billion pounds compared with January 2014, data showed.

From April 2014 to January 2015, British public sector net borrowing excluding sectors banks was 74 billion pounds, seeing a decrease of 6.0 billion pounds compared with the same period in the fiscal year 2013/14, figures showed.

At the end of January, Britain's public sector net debt excluding public sector banks was 1,464.0 billion pounds, equivalent to 79.6 percent of the country's gross domestic product (GDP). It was also 86.1 billion pounds higher than that in a year earlier, figures showed.

In December, the Office of Budget Responsibility (OBR) raised its fiscal deficit forecast for the fiscal year 2014-15 (began in April 2014) from 86.6 billion pounds to 91.3 billion pounds. (1 pound = 1.54 U.S. dollars) Endit