Public Sector Borrowing (Hansard, 17 April 1986)

HC Deb 17 April 1986 vol 95 c484W 484W

§ 34. Mr. Gerald Howarth
asked the Chancellor of the Exchequer how public sector borrowing as a proportion of national income in 1986–87 is expected to compare with previous years.

§ Mr. MacGregor
As published in the "Financial Statement and Budget Report", the PSBR/GDP ratio is set at about 1¾ per cent. in 1986–87. This compares with an average of 3½ per cent. in the first seven years of this Administration, and 6¾ per cent. under the previous Labour Government.