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Summary Box: UK borrowing larger than expected

By The Associated Press
April 24, 2012
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MORE BORROWING: Britain's public sector borrowing in March was larger than expected at 18.2 billion pounds ($19.4 billion), but the government hit its full-year target as earlier months' data was revised, official data showed Tuesday.

ANNUAL DECLINE: The Office for National Statistics said that borrowing totaled 126 billion pounds for the financial year, the 12 months through March. That is 10.9 billion pounds less than the previous year.

LOWER TARGET: The government's target for this year is to trim borrowing to 120 billion pounds.

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