HC Deb 25 June 1998 vol 314 c616W
Mr. Maude

To ask the Chancellor of the Exchequer if he will make a statement on the factors underlying the difference between the estimates of General Government Expenditure as compared to Total Managed Expenditure for(a) 1998–99, (b) 1999–2000, (c) 2000–01, (d) 2001–02 and (e) 2002–03. [47120]

Mr. Darling

The differences between General Government Expenditure (GGE) and Total Managed Expenditure (TME) are: GGE is based on general government (GG), while TME relates to the public sector, that is GG plus public corporations (PCs); TME is made up of public sector current expenditure and public sector net investment, while GGE includes not only current and capital expenditure, but also two financial transactions: net lending and transactions in company securities (net); and TME nets of receipts of capital transfers, which are treated as revenue not reducing GGE.

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