HC Deb 04 April 1989 vol 150 cc5-6W
Mr. Harry Greenway

To ask the Chancellor of the Exchequer what was the public sector borrowing requirement five, 10, 15 and 20 years ago; and if he will make a statement.

Mr. Lilley

The information requested is as follows:

Public sector borrowing requirement
£ billion Ratio to GDP (per cent.)
1968–69 0.4 ¾
1973–74 4.3
1978–79 9–2
1983–84 9–7

These are in marked contrast to 1988–89 when the public sector is expected to show a net repayment of £14 billion, equivalent to 3 per cent. of GDP. The Government have also been able to budget for a £14 billion surplus in 1989–90.