§ Mr. LawsTo ask the Chancellor of the Exchequer what his estimate is of the annual rate of growth of total managed expenditure, in real terms, for each of the years 1999–2000 to 2003–04, what the assumptions are for such growth in real annual total managed expenditure for 2004–05 and 2005–06 contained in the March 2001 Financial Statement and Budget report; and if he will make a statement. [1381]
§ Mr. Andrew SmithThe latest Treasury projections for total managed expenditure for 1999–2000 to 2003–04 were published in Table C11 on page 199 of the March 2001 "Financial Statement and Budget Report".
The assumptions underlying the real growth in total managed expenditure for 2004–05 and 2005–06 contained in the March 2001 Financial Statement and Budget Report are set out in paragraph C17 on page 186 of that document. Firm spending plans for these years will be set in the 2002 spending review.