About Public Finance
Public finance is the study of the role of the government in the economy. It is the branch of economics that assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones.
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... " Public Finance minister Tom Arthur also pulled his support, hailing equal marriage as one of Holyrood s " greatest achievements"...
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... The SDLP leader, Colum Eastwood, was equally unimpressed: The gap between the business and the money on the table for a substantive and serious Public Finance difficulties for the Executive...
UK government borrowing up by a fifth over past six months
... But John Hawksworth, chief economist at PwC, said: Today s data showed the UK Public Finances heading further into the red, with the deficit more than £7bn higher in the first half of this financial year than the same period last year...
UK government borrowing up by a fifth over past six months
Public sector borrowing has risen by a fifth during The First half of the financial Year , official figures Show .
, up £7. 4bn from the same period in 2018.
In the month of September, borrowing was £9. 4bn - Slightly lower than expected but still up from £8. 8bn last Year .
The figures raise questions about the chancellor's room to manoeuvre in next month's Budget.
Sajid Javid has said he is "turning the page on austerity" and promised big spending rises in his November statement.
But John Hawksworth , chief economist at PwC, said: "Today's data showed the UK public finances heading further into the red, with the deficit More Than £7bn higher in The First half of this financial Year than the same period last Year .
"This borrowing overshoot will not make the chancellor's choices any easier as he heads towards his first Budget on 6 November. "
According to The Office for National Statistics (ONS), the borrowing figures for September mark The First annual rise in that month for five years.
The increase comes despite the government receiving a £1. 1bn dividend boost last month from part-nationalised lender Royal Bank of Scotland.
The ONS said borrowing was pushed higher due to seasonal payments of £2bn for winter fuel and £2. 7bn of student loan write-offs - both of which are recorded in September each Year .
Sajid Javid is expected to loosen fiscal policy in the BudgetMr Javid plans to set out new long-term fiscal rules in next month's Budget.
Currently The Rules state that borrowing should remain below 2% of national income, but most expect him to relax this.
"September's better-than-expected Public Finance figures do not change this Year 's overarching themes of higher spending and borrowing. If anything, today's release will only encourage the chancellor to loosen fiscal policy at the Budget next month," said Thomas Pugh, UK economist at Capital Economics.
"We already know that the chancellor wants to review the fiscal rules in the Budget on 6 November, as there is very little chance of hitting the current ones.
"We don't know what the new fiscal rules will be, but they are likely to allow for a substantial loosening of fiscal policy at the Budget, which would support Economic Growth . Of course, whether this happens depends on whether there is a Brexit Deal . "
office for national statistics, uk economy, budget 2019, sajid javid
Source of news: bbc.com
