The total amount of public sector net borrowing has fallen to £120.6bn over the last financial year, according to the Office for National Statistics.
The figure - which excludes the cost of bank bailouts and a boost from the Royal Mail pension assets - was just below the £120.9bn forecast by the independent Office for Budget Responsibility.
It was lower than the £120.9bn recorded in the previous tax year.
In March, borrowing was also lower than forecast at £15.14bn - down from £6.69bn a year earlier.
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