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Capital Expenditure (Public Sector)

Volume 834: debated on Wednesday 29 March 1972

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asked the Chancellor of the Exchequer how much capital expenditure there was in the public sector in the fiscal year 1970–71; what were the sources of income and the amount attributable to each source, from which this expenditure was paid; and, to the extent to which this expenditure was financed from Government current revenues, if he will take steps to divert these requirements to the money market.

The amount and the financing of the public sector's capital expenditure in 1970–71 are shown in Table 12 of the February, 1972 issue of "Financial Statistics". The Government have no proposals to make on the lines suggested in the last part of the question.