Public debt of the British Government continued to increase strongly in December 2020, leading to a rise in total public debt to a record high for decades, in the context of the country taking urgent measures to support the economy. is significantly reduced due to acute respiratory infections COVID-19.
According to official figures released by the National Bureau of Statistics (ONS) on January 22, UK public debt last month increased to £ 34.1 billion ($ 46.6 billion), a record high for December.
total public debt of the British Government in the nine months to the end of December last year amounted to 271 billion pounds, up 213 billion pounds from the same period last year.
[Kinh tế Anh giảm 2,6% khi tiến hành phong tỏa lần hai vì COVID-19]
With the latest data, the UK’s total public debt officially increased to 99.4%. gross domestic product (GDP) of this country, the highest level in decades.
British Economy It was hit hard after authorities imposed the first blockade in late March of last year to prevent the epidemic COVID-19 and extend this measure until mid-June 2020.
Through its wage subsidy program for workers, the government spends most of its budget spending keeping the millions of people working in the private sector affected by the pandemic.
UK Finance Minister Rishi Sunak said the government has invested £ 280 billion to protect jobs and livelihoods of people across the country, while supporting the economy and public services.
Mr. Sunak noted that this is a necessary budget expenditure, but stressed that the government will find a way to stabilize the public finance once the country’s economy begins to recover.