§ Mr. Maddenasked the Chancellor of the Exchequer if he will publish in the Official Report the proposed date of the next Budget Statement.
£ million Debt interest paid Public expenditure (Cmnd.6721 basis) Public sector borrowing requirement As in Cmnd.6721 definition of public expenditure On previous definition of public expenditure 1966 … … 13,632 961 537 1,553 1967 … … 15,757 1,863 555 1,711 1968 … … 17,261 1,279 640 1,907 1969 … … 17,768 -466 617 2,049 1970 … … 19,406 -17 567 2,145 1971 … … 21,697 1,373 449 2,213 1972 … … 24,722 2,040 483 2,420 1973 … … 28,639 4,182 668 2,953 1974 … … 36,533 6,378 735 3,837 1975 … … 48,219 10,506 794 4,513 The public sector borrowing requirement (PSBR) was 21.8 per cent. of public expenditure in 1975; the figures are not directly comparable because the PSBR includes borrowing by nationalised industries from the private sector and overseas. As a proportion of the PSBR in 1975 debt interest was 7.6 per cent. on the Cmnd. 6721 definition, which excludes interest payments balanced by trading income or interest receipts, and 43.0 per cent. on the previous definition.