BRITAIN’S official budget forecasters raised their estimate for the size of the country’s public debt pile at the end of the current financial year, after data showed yesterday that it had passed 100% of annual economic output for the first time.
The Office for Budget Responsibility said it now expected public sector net debt to increase to 106.4% of gross domestic product, up from a forecast of 104.1% in the central scenario of projections the OBR published last month. – Aug 22, 2020, Reuters
