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Foreign Debt

Volume 958: debated on Tuesday 14 November 1978

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asked the Chancellor of the Exchequer what the total outstanding short- and medium-term foreign currency debt was on the following dates: July 1945, October 1951, October 1964, June 1970 and February 1974, in the case of (a) central Government, and (b) local authorities and nationalised industries.

pursuant to his reply [Official Report, 9th November 1978; Vol. 957, c. 318], gave the following information:The following figures show the total short- and medium-term foreign currency debt outstanding at the dates listed. The central Government debt comprises borrowing from the IMF—other than within the gold tranche—and from other overseas monetary authorities—including borrowing with a sterling counterpart.

Central Government£ million Local authorities and public corporation
End-July 1945N.A.
End-October 195111
End-October 1964148
End-June 19701,29069
End-February 19741,481