§ Mr. Fauldsasked the Chancellor of the Exchequer (1) whether payments made to the Commissioners of Inland Revenue can be regarded as public expenditure, with particular reference to the payments totalling £1,848,318 specified in his Written Answer to the hon. Member for Warley, East, Official Report, 31st March 1977, column 240;
(2) whether the discharge in kind, to the extent permitted under statute, of obligations in respect of capital taxes can be regarded as public expenditure.
§ Mr. Joel BarnettPublic expenditure is incurred when the National Land Fund meets the cost of the revenue forgone through these transactions.