Expenditure (Hansard, 11 December 1969)

§ Mr. Alison
asked the Chancellor of the Exchequer what is his estimate of public expenditure in 1970–71, 1971–72, 1972–73, and 1973–74 at 1965 survey prices, on a definition consistent with that used in the National Plan.

§ Mr. Diamond
The estimates of public expenditure for 1970–71, 1971–72, 1972–73 and 1973–74 at 1965 Survey prices on a definition consistent with that used in the National Plan are £13,350 million, £13,800 million, £14,200 million and £14,625 million respectively.

§ Mr. Alison
asked the Chancellor of the Exchequer if he will bring up to date by giving further details for 1968–69, 1969–70, and, where available 1970–71, the figures for total supply expenditure, public expenditure, gross domestic product, etc., which he furnished on 4th March, 1969.
177W

§ Mr. Diamond
The table below brings up to date the information given in reply to the hon. Member on 4th March, 1969,

OUTTURN AT OUTTURN PRICES

£ million

1959–60 1960–61 1961–62 1962–63 1963–64 1964–65

Total Supply Expenditure 4,530 4,986 5,364 5,679 6,025 6,510

Public expenditure as defined in national plan(3) 7,078 7,625 8,459 8,922 9,707 10,472

Public expenditure as defined in Treasury analysis in "National Income and Expenditure 1969"(8). 9,017 9,681 10,686 11,099 12,067 13,062

Gross Domestic Product at Factor Cost 21,547 22,959 24,341 25,459 27,458 29,418

Gross National Product at Factor Cost 21,813 23,217 24,610 25,794 27,872 29,818

Taxation(10) 7,052 7,443 8,389 8,747 9,120 10,075

Estimates

1965–66 1966–67 1967–68 1968–69 1969–70 1970–71

Total Supply Expenditure 7,137 8,136 9,893 10,810(1) 12,022(2) n.a.

Public expenditure as defined in national plan(3) 11,725 12,801(4) 14,649(5) 15,715(6) 16,530(7) 17,044(7)

Public expenditure as defined in Treasury analysis in "National Income and Expenditure 1969"(8). 14,466 15,959(4) 18,165(5) 19,169(6) 20,057(9) 20,754(9)

Gross Domestic Product at Factor Cost 31,419 33,076 34,805 36,530 n.a. n.a.

Gross National Product at Factor Cost 31,875 33,498 35,223 37,020 n.a. n.a.

Taxation(10) 11,415 12,484 13,707 15,727 17,750(11) 18,413(11)

(1) Issues to departments from the Consolidated Fund.

(2) Total Estimates presented to date; no account is taken of possible underspendings.

(3) Excludes capital expenditure by the nationalised industries, the broadcasting authorities and the Covent Garden Market Authority, and debt interest.

(4) Includes introduction of S.E.T. additional payments for part year.

(5) Includes S.E.T. additional payments for full year and introduction of R.E.P. and investment grants.

(6) Provisional outturn.

(7) As in "Public Expenditure 1968–69 to 1973–74" (Cmnd. 4234), excluding relative price effect, at 1969–70 outturn prices. Imputed rent is excluded.

(8) Includes capital expenditure by the nationalised industries, etc., and debt interest.

(9) As in Cmnd. 4234 at 1969–70 outturn prices. Imputed rent is excluded.

(10) Taxes on income, expenditure and capital, local rates, and National Insurance, National Health and Redundancy Fund contributions.

(11) As included in Cmnd. 4234, Table 1.2 at 1969–70 outturn prices.

§ Mr. Alison
asked the Chancellor of the Exchequer if he will bring up to date, by including estimates for the years 1970–71 to 1973–74, details of the annual increase in public expenditure at constant prices published on 6th March, 1969.

§ Mr. Diamond
The year-to-year percentage increases are as follows:

Percentage increase

1960–61 on 1959–60 … … … 4

1961–62 on 1960–61 … … … 7½

1962–63 on 1961–62 … … … 1

1963–64 on 1962–63 … … … 4½

1964–65 on 1963–64 … … … 3½

1965–66 on 1964–65 … … … 6½

1966–67 on 1965–66 … … … 3½

1967–68 on 1966–67 … … … 7

178W
and gives further details for 1968–69, 1969–70 and 1970–71.—[Vol. 777, c. 75–76.]

1968–69 on 1967–68 … … … 1½

1969–70 on 1968–69 … … … 2

1970–71 on 1969–70 … … … 3½

1971–72 on 1970–71 … … … 3½

1972–73 on 1971–72 … … … 3

1973–74 on 1972–73 … … … 3

These figures are not strictly comparable with those given in reply to the hon. Member on 6th March, 1969 in that imputed rents have been excluded. Like those previously given they also exclude the capital expenditure of the nationalised industries, the broadcasting authorities and the Covent Garden Market Authority, debt interest, selective employment tax additional payments, regional employment premiums, investment grants, and the relative price effect.

OUTTURN AT OUTTURN PRICES
£ million
	1959–60	1960–61	1961–62	1962–63	1963–64	1964–65
Total Supply Expenditure	4,530	4,986	5,364	5,679	6,025	6,510
Public expenditure as defined in national plan(3)	7,078	7,625	8,459	8,922	9,707	10,472
Public expenditure as defined in Treasury analysis in "National Income and Expenditure 1969"(8).	9,017	9,681	10,686	11,099	12,067	13,062
Gross Domestic Product at Factor Cost	21,547	22,959	24,341	25,459	27,458	29,418
Gross National Product at Factor Cost	21,813	23,217	24,610	25,794	27,872	29,818
Taxation(10)	7,052	7,443	8,389	8,747	9,120	10,075

					Estimates
	1965–66	1966–67	1967–68	1968–69	1969–70	1970–71
Total Supply Expenditure	7,137	8,136	9,893	10,810(1)	12,022(2)	n.a.
Public expenditure as defined in national plan(3)	11,725	12,801(4)	14,649(5)	15,715(6)	16,530(7)	17,044(7)
Public expenditure as defined in Treasury analysis in "National Income and Expenditure 1969"(8).	14,466	15,959(4)	18,165(5)	19,169(6)	20,057(9)	20,754(9)
Gross Domestic Product at Factor Cost	31,419	33,076	34,805	36,530	n.a.	n.a.
Gross National Product at Factor Cost	31,875	33,498	35,223	37,020	n.a.	n.a.
Taxation(10)	11,415	12,484	13,707	15,727	17,750(11)	18,413(11)
(1) Issues to departments from the Consolidated Fund.
(2) Total Estimates presented to date; no account is taken of possible underspendings.
(3) Excludes capital expenditure by the nationalised industries, the broadcasting authorities and the Covent Garden Market Authority, and debt interest.
(4) Includes introduction of S.E.T. additional payments for part year.
(5) Includes S.E.T. additional payments for full year and introduction of R.E.P. and investment grants.
(6) Provisional outturn.
(7) As in "Public Expenditure 1968–69 to 1973–74" (Cmnd. 4234), excluding relative price effect, at 1969–70 outturn prices. Imputed rent is excluded.
(8) Includes capital expenditure by the nationalised industries, etc., and debt interest.
(9) As in Cmnd. 4234 at 1969–70 outturn prices. Imputed rent is excluded.
(10) Taxes on income, expenditure and capital, local rates, and National Insurance, National Health and Redundancy Fund contributions.
(11) As included in Cmnd. 4234, Table 1.2 at 1969–70 outturn prices.

				Percentage increase
1960–61 on 1959–60	…	…	…	4
1961–62 on 1960–61	…	…	…	7½
1962–63 on 1961–62	…	…	…	1
1963–64 on 1962–63	…	…	…	4½
1964–65 on 1963–64	…	…	…	3½
1965–66 on 1964–65	…	…	…	6½
1966–67 on 1965–66	…	…	…	3½
1967–68 on 1966–67	…	…	…	7

1968–69 on 1967–68	…	…	…	1½
1969–70 on 1968–69	…	…	…	2
1970–71 on 1969–70	…	…	…	3½
1971–72 on 1970–71	…	…	…	3½
1972–73 on 1971–72	…	…	…	3
1973–74 on 1972–73	…	…	…	3