Privatisation Receipts

HC Deb 18 July 1995 vol 263 cc1043-4W

Mr. Jim Cunningham

To ask the Chancellor of the Exchequer by what percentage privatisation receipts have affected the overall measure of the public sector borrowing requirement since 1979. [34199]

Mr. Waldegrave

The information requested is set out in the table. Privatisation proceeds reduce the public sector borrowing requirement.

Public sector borrowing requirement (PSBR) and privatisation proceeds (PPs) as a percentage of gross domestic product (GDP)
Per cent. of GDP
	PPs	PSBR
1979–80	0.2	4.9
1980–81	0.1	5.4
1981–82	0.2	3.4
1982–83	0.2	3.2
1983–84	0.4	3.2

Public sector borrowing requirement (PSBR) and privatisation proceeds (PPs) as a percentage of gross domestic product (GDP)
Per cent. of GDP
	PPs	PSBR
1984–85	0.6	3.1
1985–86	0.8	1.6
1986–87	1.2	0.9
1987–88	1.2	-0.8
1988–89	1.5	-3.1
1989–90	0.8	-1.5
1990–91	1.0	-0.1
1991–92	1.4	2.4
1992–93	1.4	6.0
1993–94	0.8	7.1
1994–95	1.0	5.2

Mr. Cunningham

To ask the Chancellor of the Exchequer what assessment his Department has made of the benefit of accounting for privatisation receipts separately from the public sector borrowing requirement. [34200]

Mr. Waldegrave

Privatisation proceeds are always shown separately in the Financial Statement and Budget Report and are used to make positive contributions to reducing borrowing and debt.