§ Mr. Nottasked the Chancellor of the Exchequer whether, further to his reply to the hon. Member for Guildford (Mr. Howell) in cols. 77–8 of the Official Report for 23rd February, a specific figure for the public sector financial deficit in 1979 is implied by each growth case projected in Table 1.1 of Command Paper No. 6393 and the assumptions used in preparing it, including those assumptions not spelt out in the White Paper.
§ Mr. DellNo single figure is necessarily implied by each growth case of328W Table 1.1 since the same resources picture could lead to varying public sector deficits, depending on what assumptions were made about several variables. I am not prepared to give the figures which result from the particular assumptions we have made, since these assumptions are subject to great uncertainty, and among them are assumptions which no Government has been prepared to reveal. I would, however, remind the hon. Member of the Chancellor of the Exchequer's previous statements that we expect the public sector deficit and borrowing requirement to return to a more normal relationship with the gross domestic product.
§ Mr. Nottasked the Chancellor of the Exchequer whether, further to his reply to the hon. Member for Guildford (Mr. Howell) in cols. 77–8 of the Official Report for 23rd February, it is technically possible, using the Treasury's forecasting model, to project (a) the personal savings ratio, (b) the public sector deficit, and (c) the sectoral flows of funds, consistent with the estimates of the growth and use of resources published in Table 1.1 of Command Paper No. 6393.
§ Mr. DellIt is technically possible, using the Treasury's forecasting model, to project these items once a number of necessary assumptions have been chosen.