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Forecast in detail
Publication year - 2019
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.12441
Subject(s) - fell , prime minister , economics , government (linguistics) , government spending , public spending , prime (order theory) , demographic economics , political science , welfare , geography , politics , mathematics , linguistics , philosophy , cartography , law , combinatorics , market economy
Government borrowing in 2018–19 fell to a 17‐year low. But extra public spending and tax cuts announced since last October mean that 2019–20 is set to deliver the first year‐on‐year rise in the deficit since 2012–13. And a change in how student loans are classified and likely ‘giveaways’ under a new Prime Minister are set to push up the deficit further compared to recent forecasts.