UK is taking measures to reduce the budget deficit

The deficit of the budget the UK fell to 6.5 billion pounds sterling in October ($ 10.4 billion) compared to 7.7 billion pounds in the same month of 2010 due to the reduction in public sector spending, according to the country’s national statistical control.
It is this reduction expected by analysts polled by Bloomberg.
Budget revenues increased in October by 4.1%, while budget expenditures increased by only 1.1%.
Currently, the UK budget deficit is around 9% of GDP , but by 2015, Prime Minister David Cameron and Finance Minister George Osborne plan to make a budget deficit-free Britain, despite the protests of some economists, companies and ordinary citizens who believe that this goal It looks awkward and requires the country’s economy is too great sacrifices.
“Things in the public sector UK situation very badly, – said the chief economist at Deutsche Bank UK George Buckley. – The ratio of public debt to GDP exceeds the performance of most countries with a credit rating of “AAA”, and the deficit was at the level of 10% of GDP last year. ”
Independent experts estimate the rate of growth of the British economy in the current year at the level of 1%. For comparison, the Office for Budget Responsibility (OBR) in March forecast a GDP growth in 2011 at 1.7%.
Analysts believe that the final deficit budget in the current fiscal year, which ends in March, will be about 6 billion pounds more than the projected 128 billion pounds.
Adjusted OBR forecast will be released on 29 November.
For seven months of the fiscal year, the budget deficit the UK amounted to 68.3 billion pounds against 78.7 billion pounds in the same period last fingoda.
Budget revenues increased by 5.1% over the period, expenses – by 2.4%. According to the OBR forecast, revenues will grow by 7.2% for the year, expenditure – by 3.6%.

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