HC Deb 03 May 1966 vol 727 c1440

The Exchequer outturn for 1965–66 shows that total revenue at £9,145 million produced £119 million more than the Budget estimate, the main increase being on Income Tax because of the rise in income from both trade and employment. Expenditure at £8,456 million was £26 million below the estimate. So the surplus available to finance loans from the Consolidated Fund was £689 million, that is, £145 million larger than I estimated, and the amount the Exchequer required to borrow was reduced to £576 million.