§ Lord Northbrookasked Her Majesty's Government:
Under current government forecasts, at what level of debt would they be breaching the European Community requirements. [HL4715]
Lord Mclntosh of HaringeyThe Budget 2003 projections, set out in Table 2.7 of the 2003Economic and Fiscal Strategy Report (HC500), meet the EU treaty reference value for general government gross debt (60 per cent of GDP) throughout the projection period.