Gross National Product

HC Deb 08 June 1990 vol 173 cc719-20W

Mr. Devlin

To ask the Chancellor of the Exchequer if he will tabulate for each fiscal year since 1963–64 the proportion of gross national product represented by(a) public expenditure, (b) taxation and (c) the public sector borrowing requirement.

Mr. Lilley

The information requested is in the table.

As a percentage of money GDP
	General government expenditure (GGE)	Taxes and national insurance contributions	PSBR
1963–64	36.2	29.1	3.3
1964–65	35.8	29.5	2.7
1965–66	37.2	31.2	2.6
1966–67	38.7	32.0	2.9
1967–68	42.4	33.3	4.9
1968–69	40.9	35.2	0.8
1969–70	40.3	36.9	–1.3
1970–71	40.6	36.3	1.5
1971–72	41.1	34.7	1.6
1972–73	40.6	32.4	3.6
1973–74	42.7	33.2	5.8
1974–75	48.0	35.6	9.0
1975–76	48.4	36.1	9.2
1976–77	45.9	35.7	6.4
1977–78	42.3	34.6	3.6
1978–79	43.2	33.8	5.3
1979–80	43.2	35.0	4.8
1980–81	45.8	36.2	5.3
1981–82	46.3	39.3	3.3
1982–83	46.5	38.8	3.1
1983–84	45.4	38.4	3.1
1984–85	45.5	39.1	3.0
1985–86	43.7	38.5	1.6
1986–87	42.3	37.9	0.9
1987–88	40.0	37.9	–0.8
1988–89	37.3	37.2	–3.0
11989–90	38.1	36.7	–1.5
1 PSBR is outturn, GGE, and taxes and NICs are 1990 budget estimates. Ratios are adjusted for the distortion to money GDP arising from the abolition of domestic rates.