§ Mr. Newtonasked the Chancellor of the Exchequer if he will publish a table showing total tax revenue as a proportion of gross domestic product for the years 1959 to 1976 in a form compatible with the table of public expenditure published in the Official Report, 11th November, Written Answers, column 243.
§ Mr. Denzil DaviesThe figures are as follows. In the first column, revenue is taken as taxes on income and expenditure; in the second, as taxes on income and expenditure and national insurance etc. contributions. Public expenditure is also financed by certain other receipts, and borrowing.
TAX AND OTHER REVENUE AS A PROPORTION OF GDP AT FACTOR COST (PER CENT) Taxes Taxes and Insurance Contributions 1959 … 28.0 32.2 1960 … 26.9 31.0 1961 … 27.7 32.1 1962 … 29.0 33.7 1963 … 27.5 32.4 1964 … 27.2 32.2 1965 … 28.8 34.2 1966 … 29.8 35.3 1967 … 31.7 37.2 1968 … 33.3 39.0 1969 … 35.7 41.4 1970 … 36.4 42.5 1971 … 34.2 39.9 1972 … 31.6 37.7 1973 … 30.3 36.5 1974 … 31.9 38.7 1975 … 32.4 39.8