Net borrowing falls below EU limit

After two years of overshoot, UK government net borrowing fell below the European Union's 3 per cent of gross domestic product limit in 2005-06, according to figures from the Office of National Statistics published 29 September 2006.

United Kingdom: Office for National Statistics: Nuggett, 29.9.06: UK Government Debt & Deficit: Deficit 2.9% of GDP http://www.ons.gov.uk/ons/publications/index.html

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