Summer Economic Forecast

HC Deb 06 July 1994 vol 246 cc212-3W

Ms Harman

To ask the Chancellor of the Exchequer if he will provide forecasts of public expenditure in 1996–97 on the same basis as table 2.2 of the Treasury's "Summer Economic Forecast 1994".

Mr. Portillo

The summer economic forecast is a short-term forecast which, for public finances, covers the period up to 1995–96. Medium-term fiscal projections are published only in the medium-term financial strategy at Budget time.

At its meeting on 23 June, Cabinet decided that control total spending should be kept within the cash ceilings announced in the Budget last year. Revised projections of the other components of general Government expenditure will be published in the Budget in November.