§ Mr. Gryllsasked the Chancellor of the Exchequer, further to his reply to the hon. Member for Surrey, North-West on Monday 6th February, if he will now state the total interest paid on all public sector borrowing, both as a percentage of gross private sector product and of gross public sector product, for each of the years 1947, 1957, 1967 and 1977.
§ Mr. Joel BarnettThe figures which are available are given in the table below. No sectoral analysis of GDP is available for 1947; the sectoral composition of GDP in 1977 is not yet available.
PUBLIC SECTOR DEBT INTEREST AS A PERCENTAGE OF THE INCOME-BASED MEASURE OF GROSS DOMESTIC PRODUCT AT FACTOR COST Private sector component Public sector component Total GDP 1957 6.6 20.5 5.0 1967 6.7 19.3 5.0 1977 n.a. n.a. 5.8 Source: National accounts. Estimates of GDP by sector are given in Table 1.10 of the National Income and Expenditure Blue Book.