HC Deb 26 November 1968 vol 774 c287
24. Mr. Wingfield Digby

asked the Chancellor of the Exchequer whether he is now in a position to give, for the current financial year, the percentage of the gross national product taken by central and local government expenditure, including National and Health Insurance contributions and interest on loans to local authorities and public corporations.

Mr. Diamond

No. Sir. An estimate of the gross national product for the twelve months ending March, 1969, will not be published until July next year.

Mr. Digby

Is it not a fact that Government claims on the gross national product are increasing much faster than the latest predictions for the product itself?

Mr. Diamond

No. I have just answered that point. The estimate of increase on any public expenditure next year is 1 per cent. and the estimate for increase in gross national product is much greater than that.