Mumbai, March 21 -- Public sector net borrowing, excluding public sector banks, increased slightly to £10.7 billion in February 2025 from £10.6 billion a year ago. Total spending grew by £3.8 billion, driven by higher departmental expenses and local government operations, while total receipts rose by £3.7 billion due to stronger income and corporation tax revenues. For the financial year to February 2025, borrowing totaled £132.2 billion, £14.7 billion higher than the previous year, marking the third highest FY borrowing since 1993.
Published by HT Digital Content Services with permission from Capital Market....