Osborne said the independent Office for Budget Responsibility forecasts showed borrowing would fall to 79 billion pounds ($123 billion) in 2014/15,fake oakleys, against a March budget forecast of 46 billion pounds.
The structural deficit would be erased by 2016/17,fake oakleys, Osborne said.
Osborne said the Conservative-Liberal Democrat government was still broadly on track to meet its fiscal goals,fake oakleys, but had lost a one-year cushion previously programed into the fiscal strategy. ($1 = 0.6433 British pounds)
(Reporting by Matt Falloon,cheap oakley sunglasses, editing by Mike Peacock)