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The UK budget deficit reached its lowest September level in 11 years, data from the Office for National Statistics showed Friday.
Public sector net borrowing excluding public sector banks was GBP 4.1 billion, which was GBP 0.8 billion less than in September 2017. This was the lowest September deficit since 2007.
Further, data showed that borrowing in the current financial year-to-date was GBP 19.9 billion, that was GBP 10.7 billion less than in the same period in 2017. This was the lowest year-to-date for 16 years.
At the end of September, public sector net debt excluding public sector banks increased by GBP 3.4 billion to GBP 1,789.5 billion or 84.3 percent of gross domestic product in September.
