Treasury: Plan to reduce budget deficit is working

Today's data shows that the forecast for 2011/12 is on track, with public borrowing down by £11 billion compared to the previous year.

This shows that the Government's plan to reduce the budget deficit is working.

– Treasury spokesman

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Public sector borrowing falls

Public sector borrowing was £126bn in the financial year to March, including £18.2bn last month, official figures said. The figures show a fall of £11bn over the last financial year, despite a surprise rise in March.