§ Mr. Norman Lamont
asked the Chancellor of the Exchequer what percentage of gross domestic product will be represented by the public sector borrowing requirement forecast for 1976–77 in Table 7 of the most recent Financial Statement and Budget Report, assuming that the forecasts in Table 4 of the FSBR are realised.
§ Mr. Joel Barnett
The PSBR expressed as a percentage of GNP at factor cost is provisionally estimated to have been about 11¼ per cent. in 1975–76. The corresponding percentage indicated by the published forecasts for 1976–77 is lower.