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Invisibles Account (Current Expenditure)

Volume 728: debated on Friday 20 May 1966

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asked the Chancellor of the Exchequer what is the present annual total of Government expenditure overseas; if he will break this sum down into its component parts; and if he will give the comparable figures for 1957.

Government current expenditure in the invisibles account, net of receipts, was £454 million in 1965, and £147 million in 1957. The details for 1965 may be found in Table 4 of the Balance of Payments Tables in the March, 1966 issue of "Economic Trends", covering 1965; and for 1957 in "United Kingdom Balance of Payments 1965", Table 6. Copies of these publications are in the Library.