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Public Expenditure

Volume 129: debated on Thursday 10 March 1988

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60.

To ask the Chancellor of the Exchequer how much general Government expenditure as a percentage of gross domestic product has fallen since 1982–83.

85.

To ask the Chancellor of the Exchequer how much general Government expenditure as a percentage of gross domestic product has fallen since 1982–83.

The 1988 public expenditure White Paper (Cm. 288) showed that general Government expenditure (excluding privatisation proceeds) as a percentage of gross domestic product has fallen from 46¼ per cent. in 1982–83 to 42½ per cent. in 1987–88.

79.

To ask the Chancellor of the Exchequer what is the objective of his policy of reducing public expenditure annually as a proportion of gross domestic product.

Our policy of reducing public spending as a proportion of GDP over the medium term, which does not imply particular targets for individual years, will enable a low level of borrowing to be combined with reductions in the burden of taxation, thus encouraging enterprise and efficiency and the growth of output and employment.