LONDON, April 23 (Reuters) - Britain said on Friday it now plans to issue 252.6 billion pounds ($350 billion) of government bonds in the 2021/22 financial year, a 43.3 billion pounds cut to its previous estimate published in March.
The reduction came after data showed British government borrowing for the previous 2020/21 year came in considerably lower than previous official forecasts.
The Debt Management Office stuck to its plan to raise net sales of T-bills by 1.8 billion pounds.
($1 = 0.7218 pounds)
(Reporting by Andy Bruce; editing by Guy Faulconbridge)
((andy.bruce@thomsonreuters.com; +442075423484; Reuters Messaging: andy.bruce.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.