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<p>In May 2017 public sector net debt was 85% of GDP.</p><p>Forecasts for the level
of debt are produced by the independent Office for Budget Responsibility. The OBR
forecast debt levels at the end of March in each year, and do not provide an estimate
of the debt level for each month.</p><p>Debt has begun its first sustained fall in
a generation, three years before required by the fiscal rules. At Spring Statement
2019 the OBR forecast the level of public sector net debt in March 2022 will have
fallen to 74.9% of GDP.</p>
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