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المشهد العربي
Britain's rising govt borrowing raises costs
The British government recorded an unexpected increase in borrowing during August, reaching £18.3 billion—a 19% rise compared to the same month last year—and surpassing expectations of a deficit of £15.5 billion. Since the start of the fiscal year in April through August, total borrowing has totaled £77.3 billion, exceeding official estimates by £8.1 billion. Additionally, the primary budget deficit stood at £12.4 billion in August, bringing the total deficit since the beginning of the year to £51.9 billion. These figures highlight significant challenges facing UK Finance Minister John Helli as he approaches the announcement of the fiscal year's budget.
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