BusinessCompany NewsBudget 05: Borrowing figures

Budget 05: Borrowing figures

Chancellor says he will balance budget over the economic cycle.

Gordon Brown said today he would balance his budget over the course of the economic cycle.

Net borrowing this year will be £16 billion, falling to £6 billion next year.

The nation’s finances will move into credit in 2006-7, of £1 billion, then £4 billion in 2007-08, £9 billion in 2008-9 and £12 billion in 2009-10, he said.

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