§ Mr. SalmondTo ask the Secretary of state for Scotland if he will list the public sector surplus or deficit(a) in total and (b) for Scotland for each year since 1979–80 assuming a gross domestic product share of privatisation proceeds and allocating (i) 80 per cent., (ii) 85 per cent. and (iii) 90 per cent. of North sea oil revenues to Scotland. [1363]
§ Mr. Waldegrave[holding answer 31 October 1996]I have been asked to reply.
The table shows the UK public sector borrowing requirement, and estimates of Scotland's shares of privatisation proceeds and North sea oil revenue using the formulae prescribed. These estimates are not sufficient to enable the calculation of the public sector borrowing requirement for Scotland. Approximate estimates of the general government borrowing requirement in Scotland in 1993–94 and 199–45 are available in the "Government Expenditure and Revenue in Scotland" annual report.
49W
The PSBR and Scotland's GDP share of UK privatization proceeds (pps) and assumptions for its share of North Sea oil revenues £ billion UK PSBR 80 per cent. of oil revenues, and GDP share of UK pps 85 per cent. of oil revenues, and GDP share of UK pps 90 per cent. of oil revenues, and GDP share of UK pps 1979–80 9.9 1.9 2.1 2.2 1980–81 12.5 3.0 3.2 3.4 1981–82 8.6 3.6 3.8 4.1 1982–83 8.9 4.4 4.7 4.9 1983–84 9.7 7.1 7.6 8.0 1984–85 10.1 9.8 10.4 11.0 1985–86 5.6 9.3 9.9 10.4 1986–87 3.6 4.2 4.4 4.7 1987–88 -3.5 4.1 4.4 4.7 1988–89 -14.7 3.1 3.3 3.4 1989–90 -8.0 2.2 2.4 2.5 1990–91 -0.6 2.3 2.4 2.5 1991–92 13.8 1.5 1.5 1.6 1992–93 36.3 1.8 1.8 1.9 1993–94 45.4 1.5 1.5 1.6 1994–95 35.9 1.9 2.0 2.0 UK PSBR.
Source:
Public Finance Trends, 1996. A negative figure indicates a budget surplus.