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Public Expenditure

Volume 891: debated on Monday 28 April 1975

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asked the Chancellor of the Exchequer whether he will publish, for the fiscal years 1966–67 to 1976–77, separate price indices of current and capital public expenditure and a further price index for both current and capital public expenditure taken together, and also the actual and projected relative price effect for each of those years, and the relevant price index or indices for the economy as a whole.

The table below shows price indices from 1968–69 to 1972–73 for public expenditure consistent with the figures published in the annual White Papers, and for GDP at factor cost which is an indicator of the movement of prices in the economy as a whole. The figures for 1974–75 are still subject to revision. I am not prepared to publish forecasts for future years. For the relative price effect I would refer the hon. Member to Table 3·1 in the recent White Paper on Public Expenditure (Cmnd. 5879) and to the answer I gave to the hon. Member for Guildford (Mr. Howell) on 10th February—[Vol. 886, c. 6.]