§ Mr. WigleyTo ask the Chancellor of the Exchequer if he will publish for each year since 1970, the level of the United Kingdom national debt(a) in actual terms, (b) in constant money terms and (c) as a proportion of gross national product; and if he will publish, on the same basis, a projection of these figures for the next five years. [121197]
§ Mr. Andrew SmithThe table gives the figures requested.
421W
Table 1—Public sector net dept £ billion % GDP 1998–99 prices 1970–71 38.7 69.6 340.7 1971–72 40.3 65.2 325.4 1972–73 41.8 58.5 312.0 1973–74 46.6 58.4 324.4 1974–75 52.1 52.4 302.9 1975–76 64.7 54.2 300.5 1976–77 73.6 52.6 300.4 1977–78 79.5 49.2 285.9 1978–79 88.6 47.3 286.7 1979–80 98.2 44.1 272.1 1980–81 113.8 46.2 266.7 1981–82 125.2 46.4 267.9 1982–83 132.5 44.9 265.3 1983–84 143.8 45.2 275.1 1984–85 157.2 45.4 285.7 1985–86 162.7 43.6 280.9 1986–87 167.8 41.2 280.8 1987–88 167.4 36.9 266.1 1988–89 153.9 30.7 229.0 1989–90 152.2 27.9 211.4 1990–91 151.3 26.3 194.9 1991–92 166.1 27.6 201.4 1992–93 202.3 32.2 237.5 1993–94 249.4 37.5 285.2 1994–95 289.3 41.1 326.2 1995–96 321.3 43.2 352.1 1996–97 348.5 44.1 370.0 1997–98 352.9 42.1 364.5 1998–99 348.6 39.7 348.6 1999–2000 339.4 36.8 331.1 2000–01 340 35.1 324 2001–02 340 33.6 317 2002–03 347 32.7 315 2003–04 363 32.6 321 2004–05 379 32.6 328 Note:
Figures for public sector net debt in £ billion and as a per cent. of GDP up to 1999–2000 are outturns. Figures for 2000–01 onwards are the Budget 2000 forecasts. The estimate of public sector net debt in 1998–99 prices for 1999–2000 is based on the Budget forecast of the GDP deflator for 1999–2000.
Source:
Tables C3, C4 and C5, Budget 2000 and the Office for National Statistics.