HC Deb 30 March 1995 vol 257 cc719-20W
21. Mr. Garnier

To ask the Chancellor of the Exchequer if he will list the gross general Government debt as a percentage of gross domestic product for European Union member states in 1994 in descending order. [15296]

Mr. Aitken

The information requested is shown in the following table. This shows that among EU member states, only Luxembourg has a lower debt-GDP ratio than the United Kingdom.

Gross general Government debt up to 1994 as a percentage of GDP
Belgium 140
Italy 124
Greece 121
Ireland 89
Sweden 79
Netherlands 79
Denmark 78
Portugal 70
Finland 70
Spain 64
Austria 65
Germany 51
France 50
United Kingdom1 49
Luxembourg 9


1 End March 1995

For UK, excessive deficits return 1 March 1995; for other EU countries, European Commission Economic Forecast, November 1994.

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