§ Lord Barnett
asked Her Majesty's Government:
What is their latest estimate of the general government borrowing requirement for the next three financial years; and what are the main reasons why this differs from the public sector borrowing requirement.90WA
§ The Parliamentary Under-Secretary of State, Ministry of Defence (Lord Henley)
The latest estimates of the general government borrowing requirement (GGBR) for the next three years were published in table 4.1 of theFinancial Statement and Budget Report 1995–96 and are given in the table below. The difference between the public sector borrowing requirement (PSBR) and the GGBR is accounted for by public corporations market and overseas borrowing (PCMOB), which has been a repayment of debt for the past 3 years and is projected to continue as such.
£ billion GGBR PCMOB PSBR 1995–96 23.1 -1.6 21.5 1996–97 15 -2 13 1997–98 7 -2 5