§ Mr. David Howellasked the Chancellor of the Exchequer what are the percentage shares of gross domestic product at factor cost of (a) current expenditure on goods and services, (b) investment, (c) subsidies, debt interest and transfer payments and (d) other expenditure between 1960 and 1974 and his estimates for 1975.
§ Mr. Joel BarnettThe hon. Member is presumably referring to public expenditure. 759W The following table shows the information for the years 1960 to 1974.
PUBLIC EXPENDITURE AS A PERCENTAGE OF GROSS DOMESTIC PRODUCT Current expenditure on goods and services Investment Subsidies, Current grants, Capital transfers Debt interest Net lending to private sector and overseas (a) (b) (c) (d) 1960 … … … … 18.7 7.2 15.0 0.6 1961 … … … … 18.9 7.6 15.5 0.5 1962 … … … … 19.4 7.8 15.7 0.6 1963 … … … … 19.2 7.9 15.8 0.5 1964 … … … … 18.8 8.9 15.2 0.7 1965 … … … … 19.3 9.0 16.0 1.0 1966 … … … … 19.8 9.7 16.0 0.7 1967 … … … … 20.8 10.7 18.1 0.6 1968 … … … … 20.6 10.2 19.6 0.6 1969 … … … … 20.5 9.5 19.8 0.4 1970 … … … … 21.0 9.7 19.2 0.6 1971 … … … … 21.2 9.5 18.4 0.8 1972 … … … … 21.5 8.7 19.0 0.9 1973 … … … … 21.2 9.2 19.2 1.5 1974 … … … … 22.9 10.1 21.7 2.6