§ 22. Mr. MillerTo ask the Chancellor of the Exchequer if he will make a statement on the guidelines for Government borrowing. [27057]
§ Mr. AitkenThe guidelines for Government borrowing were set out in the debt management report published by HM Treasury on 30 March 1995, which included the gilt funding remit issued to the Bank of England for 1995–96, and in the remit to the department of national savings for 1995–96, announced on 31 March 1995,Official Report at column 866.
§ Mr. Malcolm BruceTo ask the Chancellor of the Exchequer what is his estimate of the general Government borrowing requirement defined so as to exclude revenues from sales of land and buildings and privatisation receipts, as a percentage of gross domestic product for each year since 1979 until 1997–98. [28159]
§ Mr. AitkenThe table sets out the information requested:
General government borrowing requirement (GGBR) excluding privatisation proceeds and net sales of land and buildings, as a percentage of gross domestic product (GDP) Percentage of GDP GGBR GGBR ex privatisation proceeds GGBR ex privatisation proceeds and net sales of buildings1 2 1979–80 5 5 5¼ 1980–81 5¾ 5¾ 6 1981–82 3¼ 3¼ 4 1982–83 3½ 3½ 4¼ 1983–84 3¼ 3¼ 3¾ 1984–85 2¾ 3½ 4 1985–86 2 2¾ 3¼ 1986–87 1¼ 2½ 3 1987–88 -½ ¾ ½ 1988–89 -2½ -1 0 1989–90 -1¼ -½ ½ 1990–91 0 ¾ 1½ 1991–92 2½ 3¾ 4 1992–93 6¼ 7½ 7¾ 1993–94 7¼ 8¼ 8½ 1994–95 5½ 6½ — 1995–96 3¼ 3½ — 1996–97 2 2½ — 1997–98 1 1¼ — 1 Outturn data for general government sales of land and buildings in 1994–95 is not currently available. 22 Forecasts for sales of land and buildings by local authorities are not available.