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Government Income And Expenditure

Volume 893: debated on Monday 9 June 1975

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asked the Chancellor of the Exchequer if he will publish in the Official Report a table showing for each year since 1945 (a) the Government deficit or surplus, (b) the Government deficit or surplus expressed in terms of £ sterling per family, and (c) the Government deficit or surplus expressed in terms of £ sterling per head of population.

The information is given in the following table. Government deficit or surplus has been taken to mean the financial deficit or surplus of the central Government. Its relation to the central Government borrowing requirement and public sector borrowing requirement is shown in Table 6 of the Financial Statement and Budget Report for 1975–76.

FINANCIAL DEFICIT (—) OR SURPLUS OF THE CENTRAL GOVERNMENT
(a)(b)(c)
£ million£ per household£ per head of population
1946-574-12
19471052
194867313
194973915
195083416
1951391268
19521633
195317
19542615
19554769
19562775
19574038
19584709
19593647
1960822
1961280175
196255610
19631443
19643056
196560811
19667754514
19674929
196877314
19692,02836
19702,80250
19711,94610435
19724428
1973—200—4
1974—828—15
provisional

Notes:

(1) The financial deficit or surplus per household is derived from estimates of the number of households as defined in the Census of Population. Statistics of the number of households are available only for census years.

(2) The financial deficit or surplus per head or population is obtained using mid-year estimates of total population. The 1974 estimate is a projection from a 1973 base.