HC Deb 17 June 1997 vol 296 c117W
Mr. Townend

To ask the Chancellor of the Exchequer what is his target for the overall burden of taxation as a percentage of Gross Domestic Product. [3356]

Dawn Primarolo

The Government's fiscal policy is directed at reducing borrowing. The intention is that, over the economic cycle, the government borrow only to finance public investment and not to fund current expenditure. Public debt as a proportion of national income is held at a stable and prudent level. Forecasts and projections of the tax burden will be published int he Red Book on 2 July.

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