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Further increase reported in public sector borrowing

18 November 2010
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Further increase reported in public sector borrowingThe net level of money borrowed by the UK's public sector rose during October 2010 to £10.3 billion.

According to new figures from the Office for National Statistics (ONS), this figure is higher than the £10.1 billion recorded for the same month of 2009, although public sector net borrowing exclusive of financial interventions has fallen over the 2010-11 year-to-date to £81.6 billion, declining from £87.5 billion for the period of 2009-10.

Operations management techniques may be implemented by organisations in order to address the shortfall, with the ONS report defying predictions from some analysts that net public sector borrowing would fall last month.

Chancellor George Osborne announced a series of cuts to public sector spending as part of the Comprehensive Spending Review on October 20th.

The budget restrictions are intended to reduce the UK's deficit and continuous improvements programmes may assist departments aiming to decrease their expenditure.

Latest statistics from the ONS place the country's budget deficit at £7.1 billion for October 2010, rising from £6.9 billion last year.ADNFCR-3058-ID-800243942-ADNFCR
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