Thursday, 22 April 2010

Budget Deficit

The BBC reported today that the final figure for the 2009/2010 budget deficit is £163.4billion, lower than the £167billion forecast in the Budget, and than the £178billion deficit forecast in the Pre-Budget Report.

So, good news, then?

Yes.

But let's put it in perspective. The Government borrowed £19million every hour in the last financial year.

Nothing to be too proud about.

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