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Trading And Capital Account Deficit

Volume 173: debated on Tuesday 5 June 1990

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To ask the Chancellor of the Exchequer how the total trading and capital account deficit which has accumulated since 1979 has been financed.

The available information on the current account (trade in goods and services, investment income and transfers) and on the capital account (transactions in external financial assets and liabilities) of the balance of payments are given in table A 1 of Economic Trends, March 1990 (page 79), a copy of which is in the Library.

To ask the Chancellor of the Exchequer what is the total deficit accumulated since 1979 because of capital account deficits on the balance of payments.

The available information on the capital account of the balance of payments (transactions in external financial assets and liabilities) is given in table A8 of Economic Trends, March 1990 (page 88), a copy of which is in the Library.