§ Mr. Lawsonasked the Chancellor of the Exchequer if he will publish a table showing actual and prospective gross domestic fixed capital formation in the public sector (a) as a percentage of total public expenditure and (b) as a percentage of gross domestic product, for each financial year from 1961–62 to 1978–79, inclusive, estimates of future gross domestic product being based on the Government's economic forecast published under the provisions of the Industry Act 1975.
§ Mr. Joel BarnettFigures are below. Information for financial years 1961–62 to 1970–71 is not readily available.
PUBLIC SECTOR GDFCF AS A PROPORTION OF (1) PUBLIC EXPENDITURE* AND (2) GDP (MARKET PRICES) Per cent. Proportion of public expenditure* Proportion of GDP (at market prices) 1961 19.7 6.7 1962 20.0 6.9 1963 20.5 7.0 1964 22.8 7.8 1965 22.1 7.8 1966 23.0 8.3 1967 23.1 9.1 1968 22.0 8.7 1969 21.0 8.0 1970 21.2 8.1 1971 20.4 7.8 1972–72 20.0 7.7 1972–73 18.8 7.4 1973–74 20.4 8.5 1974–75 19.2 8.8 1975–76 18.6 8.6 1976–77 17 8 1977–78 15 6½ 1978–79 14½ 6½ * Defined as in Cmnd. 6721, but including imputed rent.