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Resources Growth And Use

Volume 931: debated on Tuesday 10 May 1977

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asked the Chancellor of the Exchequer if he will publish the average share of each major use of resources in the gross domestic product for as long a period between 1960 and 1976 as the data permit, using the classification of the growth and use of resources employed in the projections given in successive Public Expenditure White Papers.

The figures for 1970 to 1976 are given below. Figures for earlier years could be calculated only at considerable cost.

PERCENTAGE SHARES IN GROSS DOMESTIC PRODUCT* IN DEMAND TERMS AT 1970 FACTOR COST PRICES

1970

1971

1972

1973

1974

1975

1976

Per cent. Average 1970–76

A. Supply of Resources

1. Net flow of resources into (+) or out of (−) balance of trade−0·10·4−2·0−2·4−0·70·10·6−0·6
2. Available for domestic use100·0100·4101·6102·4100·7100·799·7100·8

B. Domestic Uses of Resources

1. Investment:
(a) Private investment10·79·99·612·611·68·08·310·1
(b) Nationalised industries' investment3·23·42·92·72·63·53·13·1
2. Available for other public expenditure and private consumption86·087·189·287·186·689·388·387·7

C. Uses of Resources for Other Public Expenditure and Private Consumption

1. Public expenditure:
(a) Public consumption19·319·519·819·519·821·321·620·1
(b) Other public investment5·25·25·24·94·95·04·85·0
(c) Total direct public expenditure24·524·725·024·424·726·326·525·2
(d) Indirect public expenditure10·510·311·411·613·814·113·912·2
(e) Total public expenditure35·035·036·536·038·540·340·437·4
2. Personal consumption:
(a) Privately financed consumption51·052·052·751·148·148·947·950·2
(b) Publicly financed personal consumption10·510·311·411·613·814·113·912·2
(c) Total personal consumption61·662·464·262·761·963·061·962·5

* Figures may not add due to rounding and to compromise GDP adjustment.