Up 0.8 bln pounds vs May 2023 (Il Sole 24 Ore Radiocor) - London, 21 Jun - The UK's public sector net borrowing was 15.0 billion pounds in May 2024, 0.8 billion more than in May 2023 and the third highest May borrowing since monthly records began in 1993, according to the Office for National Statistics.

Net borrowing in the financial year-to-May was 33.5 billion pounds, 0.4 billion more than in the same two-month period a year earlier and the fourth highest year-to-May borrowing since monthly records began.

Public sector net debt excluding public sector banks was provisionally estimated at 99.8% of gross domestic product (GDP) at the end of May, 3.7 percentage points more than at the end of May 2023, and remains at levels last seen in the early 1960s.

Excluding the Bank of England, debt was 91.3% of GDP, 5.3 percentage points more than at the end of May 2023.

Public sector net worth excluding public sector banks was in deficit by 725.7 billion pounds at the end of May 2024, a 95.2 billion larger deficit than at the end of May 2023.

Central government net cash requirement (excluding UK Asset Resolution Ltd and Network Rail) was 24.6 billion pounds in May 2024, 7.6 billion more than in May 2023.

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(RADIOCOR) 21-06-24 08:17:36 (0141) 5 NNNN