Government Expenditure (Hansard, 24 October 1978)

§ Mr. Lawson
asked the Chancellor of the Exchequer if he will provide a table showing general Government expenditure on goods and services and in total in each financial year since 1973–74, including an estimate for 1978–79, both at current prices and as a percentage of gross national product at both factor cost and market prices.
893W

§ Mr. Joel Barnett
The information is shown in the following table.

GENERAL GOVERNMENT EXPENDITURE^*

General Government expenditure on goods and services Total general Government expenditure†

Percentage of Gross Percentage at Gross

National Product National Product

At factor At market At factor At market

£ million cost cost £ million cost cost

1973–74 … 17,837 27 24 29,488 44½ 39½

1974–75 … 22,710 28½ 25½ 39,593 49½ 45

1975–76 … 29,203 30 26½ 50,041 51 46

1976–77 … 32,509 28½ 25½ 55,055 48½ 43

1977–78 … 34,823 27 24 58,958 46 40½

1978–79‡ … 38,010 27 23½ 68,506 48 42

^* Based on National Accounts figures.

† Including debt interest as defined in The Government's Expenditure Plans 1978–79 to 1981–82" (Cmnd. 7049).

‡ Forecast published in Financial Statement and Budget Report 1978–79.

§ Mr. Lawson
asked the Chancellor of the Exchequer if he will publish a table showing general Government expenditure as a percentage of gross domestic product (a) at factor cost and (b) at market prices, for each calendar year since 1970, plus an estimate for 1978, and also for each financial year since 1969–70, plus his estimate for 1978–79.

§ Mr. Joel Barnett
The information is shown in the table below.

GENERAL GOVERNMENT EXPENDITURE^*

General Government expenditure† as a percentage of GDP

At factor At market

cost prices

Financial years:

1969–70 44½ 38

1970–71 45 38½

1971–72 441 38½

1972–73 44½ 39

1973–74 45½ 40

1974–75 50½ 45½

1975–76 51½ 46

1976–77 49 43½

1977–78 46 40½

1978–79‡ 48 42

Calendar years:

1970 44½ 38

1971 44½ 38

1972 44½ 39

1973 44 39

1974 49 44

1975 52 47

1976 49½ 44

1977 46½ 41

1978 48 42

^* Based on National Accounts figures.

† Including debt interest as defined in "The Government's Expenditure Plans 1978–79 to 1981–82" (Cmnd. 7049).

‡ Forecast published in Financial Statement and Budget Report 1978–79.

GENERAL GOVERNMENT EXPENDITURE^*
	General Government expenditure on goods and services	Total general Government expenditure†
		Percentage of Gross		Percentage at Gross
		National Product		National Product
		At factor	At market		At factor	At market
	£ million	cost	cost	£ million	cost	cost
1973–74	…	17,837	27	24	29,488	44½	39½
1974–75	…	22,710	28½	25½	39,593	49½	45
1975–76	…	29,203	30	26½	50,041	51	46
1976–77	…	32,509	28½	25½	55,055	48½	43
1977–78	…	34,823	27	24	58,958	46	40½
1978–79‡	…	38,010	27	23½	68,506	48	42
^* Based on National Accounts figures.
† Including debt interest as defined in The Government's Expenditure Plans 1978–79 to 1981–82" (Cmnd. 7049).
‡ Forecast published in Financial Statement and Budget Report 1978–79.

GENERAL GOVERNMENT EXPENDITURE^*
	General Government expenditure† as a percentage of GDP
	At factor	At market
	cost	prices
Financial years:
1969–70	44½	38
1970–71	45	38½
1971–72	441	38½
1972–73	44½	39
1973–74	45½	40
1974–75	50½	45½
1975–76	51½	46
1976–77	49	43½
1977–78	46	40½
1978–79‡	48	42
Calendar years:
1970	44½	38
1971	44½	38
1972	44½	39
1973	44	39
1974	49	44
1975	52	47
1976	49½	44
1977	46½	41
1978	48	42
^* Based on National Accounts figures.
† Including debt interest as defined in "The Government's Expenditure Plans 1978–79 to 1981–82" (Cmnd. 7049).
‡ Forecast published in Financial Statement and Budget Report 1978–79.