National Insurance Fund (Hansard, 16 February 2000)

HC Deb 16 February 2000 vol 344 cc608-9W 608W

§ Mr. Flynn
To ask the Chancellor of the Exchequer what is the expected balance in the National Insurance Fund at the end of the years 2000–01 and 2000–02, after taking into account proposed changes in contribution rates and the effects of the provisions of the Welfare Reform and Pensions Act 1999 and the Child Support, Pensions and Social Security Bill; and by how much the balance is expected to exceed the minimum level recommended by the Government Actuary. [108315]
609W

§ Dawn Primarolo
[holding answer 3 February 2000]: Estimates for Great Britain are shown in the table:

£ million

Fund balance ¹ Minimum level Excess

2000–01² 16,660 7,870 8,790

2001–02² 18,820 8,280 10,540

¹ At the end of the year

² The estimates for these years are based on the difference between forecasts or receipts and expenditure. Changes in these forecasts could have a substantial impact on the balance

£ million
	Fund balance ¹	Minimum level	Excess
2000–01²	16,660	7,870	8,790
2001–02²	18,820	8,280	10,540
¹ At the end of the year
² The estimates for these years are based on the difference between forecasts or receipts and expenditure. Changes in these forecasts could have a substantial impact on the balance