National Audit Office report on Managing government borrowing

Wednesday, 5 July 2023 00:01

The environment for government borrowing has become more challenging in recent years, a new National Audit Office (NAO) report finds. The independent public spending watchdog's report Managing government borrowing examines how public bodies are pursuing the government's debt management objectives, and how they manage the risks of borrowing1. The report found that government's borrowing needs increased sharply to support pandemic-related spending. Also, rising inflation...Request free trial