§ Mr. Ground
asked the Chancellor of the Exchequer what was the national debt, including foreign currency debt but excluding official holdings, outstanding at the end of March in each of the years 1979 to 1986, inclusive, as a percentage of gross domestic product, average measure, at current market prices centred on 31 March; and what is his estimate of the national debt so expressed for 1987 and 1988.
§ Mr. MacGregor
The figures are as follows:
Market holdings of national debt1 as a percentage of gross domestic product2 at market prices Per cent. end March 1979 36.8 1980 34.5 1981 38.3 1982 38.3 1983 38.6 1984 41.2 1985 42.2 1986 42.6 Note: No estimates for 1987 or 1988 are available. 1 National debt, including foreign currency debt, but excluding official holdings, at nominal rates. 2 GDP, average measure seasonally adjusted quarterly, centred on end March.