Public Spending

HC Deb 28 November 1996 vol 286 c388W

15. Dr. Wright

To ask the Chancellor of the Exchequer what plans he has for public spending as a proportion of gross domestic product over the planning period. [4871]

Mr. Waldegrave

As my right hon. and learned Friend the Chancellor announced in his Budget on 26 November, spending will fall to 40 per cent. of GDP in 1997–98 and continue to fall in the following two years.