Public Expenditure (Hansard, 6 November 2000)

HC Deb 06 November 2000 vol 356 c81W 81W

§ Mr. Bercow
To ask the Chancellor of the Exchequer what his policy is on the percentage of GDP which is represented by public expenditure. [136195]

§ Mr. Andrew Smith
The Government's fiscal policy is guided by two fiscal rules first set out in the Financial Statement and Budget Report in July 1997 (HC85). This fiscal policy is underpinned by the Code for Fiscal Stability laid before Parliament under section 155 of the Finance Act 1998.