In May, the volume of net borrowings of the public sector in the UK fell to 5 billion pounds from 6 billion 900 million pounds in April, according to the Office fro National Statistics. Analysts had predicted a reduction in volume to 6 billion 300 million pounds. The British government has been taking steps since 2010 to reduce the budget deficit. The budget deficit and government borrowing in the UK last fiscal year, ending March 31, fell to the lowest level of 39.5 billion pounds sterling for 11 years.
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