On June 21st 2011 at 08:30GMT Public the Sector Net Borrowing report for May was released.
April’s value: £7.B; May’s forecast: £16.3B
Public Sector Net Borrowing indicates the amount of money needed to finance all the public programs to the full.
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What is so interesting about the indicator?
If the authorities are able to fulfill their obligations (the financial side) the national currency gains considerable support. Another factor is the government’s ability to allocate extra funds at low cost.
During hard times such factors intensify investors’ interest towards any financial issues. At this point, the indicator is of high importance.
The data are published in the middle of every month following the reporting one.
