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Osborne said the independent Office for Budget Responsibility forecasts showed borrowing would fall to 79 billion pounds ($123 billion) in 2014/15,PJS jakke, against a March budget forecast of 46 billion pounds.
For next year,Moncler salg, public sector net borrowing is now forecast to total 120 billion years,moncler oslo, up from the March prediction of 101 billion.
The structural deficit would be erased by 2016/17,moncler jakke oslo, Osborne said.
Osborne said the Conservative-Liberal Democrat government was still broadly on track to meet its fiscal goals,parajumpers no, but had lost a one-year cushion previously programed into the fiscal strategy. ($1 = 0.6433 British pounds)
(Reporting by Matt Falloon,moncler salg, editing by Mike Peacock)