§ Mr. MorganTo ask the Chancellor of the Exchequer what was the overshoot or undershoot in the public sector borrowing requirement in each year since 1992 with respect to the Red Book estimate for(a) the subsequent year up to 1996–97 and (b) two years up to 1997–98. [5145]
§ Mr. WaldegraveThe table gives the requested figures.
Forecast and outturn figures for the public sector borrowing requirement £billion Source Period Forecast Outturn Error FSBR March 1992 1992–93 28.1 36.3 -8.2 1993–94 32 45.4 -13.4 FSBR March 1993 1993–94 50.1 45.4 4.7 1994–95 44 35.9 8.1 FSBR November 1993 1994–95 37.9 35.9 2.0 1995–96 30 — — FSBR November 1994 1995–96 21.5 — — 1996–97 13 — — FSBR November 1995 1996–97 22.4 — — 1997–98 15 — — Note:
The November 1994 FSBR figures are those published in the revised tables, January 1995, following the decision to leave the rate of VAT on domestic fuel and power at 8 per cent. and the further Budget measures announced on 8 December 1994.