Public Sector Borrowing Requirement

HC Deb 21 May 1992 vol 208 cc203-4W

Mr. Tim Smith

To ask the Chancellor of the Exchequer if he will publish a table showing the public sector borrowing requirement for each financial year since 1974–75 expressed in actual pounds, constant pounds and as a percentage of gross domestic product.

Mr. Nelson

[holding answer 19 May 1992]: The table shows the figures:

	PSBR	PSBR as per cent. of GDP	Real PSBR1 at 1985 prices
1974–75	8,001	9.1	26,723
1975–76	10,251	9.4	27,275
1976–77	8,263	6.5	19,365
1977–78	5,381	3.6	11,093
1978–79	9,174	5.4	17,056
1979–80	9,926	4.8	15,816
1980–81	12,519	5.4	16,857
1981–82	8,631	3.4	10,599
1982–83	8,904	3,2	10,207
1983–84	9,678	3.2	10,603
1984–85	10,134	3.1	10,573
1985–86	5,622	1.6	5,559
1986–87	3,559	0.9	3,407
1987–88	-3,406	-0.8	-3,092
1988–89	-14,657	-3.1	-12,411
1989–90	-7,932	-1.5	-6,302
1990–91	-468	-0.1	-344
1991–92	13,898	—2	—2
1 Real PSBR is current price estimate divided by the GDP deflator.
2 GDP and GDP deflator are not yet available for 1991–92.