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Public sector finances, UK: May 2022
Public sector net borrowing excluding public sector banks (PSNB ex) was £14.0 billion in May 2022, the third-highest May borrowing since monthly records began in 1993; this was £4.0 billion less than in May 2021 but £8.5 billion more than in May 2019, before the coronavirus (COVID-19) pandemic. Central government receipts were £66.6 billion in May 2022, £5.7 billion more than in May 2021, of which tax receipts were £48.3 billion, an annual increase of £3.4 billion. Central government current (or day-to-day) expenditure was £74.0 billion in May 2022, £2.2 billion less than in May 2021, with the additional ... (full story)