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المشهد العربي
UK records unexpected budget deficit
The British government recorded an unexpected budget deficit of £1.8 billion in July, despite expectations of a surplus of £500 million. This was due to increased government spending caused by high inflation rates, which disrupted record revenues from income taxes. Spending grew by £2 billion compared to the same month last year, with a £1.2 billion increase in expenditure on goods and services, leading to total borrowing during the first four months of the current fiscal year exceeding projections.
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