§ Mr. MaudeTo ask the Chancellor of the Exchequer (1) what level of education spending would be required in(a) 1999–2000, (b) 2000–01, (c) 2001–02 and (d) 2002–03 in order to ensure that it was 0.1 per cent. higher as a proportion of GDP than in 1998–99, assuming the economy grows by two and a quarter per cent. in 1998, two per cent. in 1999 and two and a half per cent. in 2000; [46434]
(2) what level of education spending would be required in (a) 1999–2000, (b) 2000–01, (c) 2001–02 and (d) 2002–03 in order to maintain it at the same proportion of GDP as in 1998–99, assuming the economy grows by two and a quarter per cent. in 1998, two per cent. in 1999 and two and a half per cent. in 2000. [46430]
§ Mr. DarlingThe proportion of Gross Domestic Product (GDP) formed by education spending in 1998–99 can be derived from tables 3A.2 and 4.1 of the Economic and Fiscal Strategy Report (Cm 3978). Projected levels of spending in future years at a fixed proportion of GDP can be calculated for any set of assumptions on economic growth and inflation. Table 4.1 offers assumptions for both output and prices.
§ Mr. MaudeTo ask the Chancellor of the Exchequer what level of education spending would be required in(a) 1999–2000, (b) 2000–01, (c) 2001–02 and (d) 2002–03 if the rate of increase were to be maintained at the same real terms rate as over the 10 years to 1997–98. [46431]
504W
§ Mr. DarlingThe rate of growth in spending on education over the ten years to 1997–98 can be derived from table 3.3 of the Public Expenditure Statistical Analyses 1998–99 (Cm 3901). The level of spending for future years can then be calculated by applying this rate of growth, and assumptions for increases in prices such as those in table 4.1 of the Economic and Fiscal Strategy Report (Cm 3978), to the figure for 1997–98.