Public Sector Borrowing (Hansard, 15 February 1990)

HC Deb 15 February 1990 vol 167 c339W 339W

§ Mr. Harry Greenway
To ask the Chancellor of the Exchequer what were the levels of public sector borrowing or debt repayment in 1969 and 1978 and the latest year for which figures are available; and if he will make a statement.

§ Mr. Ryder
There was a debt repayment of £0.6 billion in 1969–70, borrowing of £9.2 billion in 1978–79 and a debt repayment of £14.4 billion in 1988–89.
At 3 per cent.of GDP, last year's debt repayment was the largest ever recorded. A further substantial debt repayment is expected this year.