Public Expenditure (Hansard, 19 June 1992)

HC Deb 19 June 1992 vol 209 c688W 688W

§ Mr. Hinchliffe
To ask the Chancellor of the Exchequer what is the long-term target for public spending as a proportion of gross domestic product compared to present levels and those of 1982.

§ Mr. Portillo
The Government's objective is that public spending should take a declining share of national income over time. The ratio of public spending to GDP is expected to be 43 per cent. this year. This compares with a ratio of 47½ per cent. in 1982–83.