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Public Sector Borrowing Requirement

Volume 297: debated on Thursday 10 July 1997

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17.

To ask the Chancellor of the Exchequer if he intends to introduce an annual review of the proposed PSBR by the National Audit Office. [6195]

As part of the opening up of economic decision making, the Chancellor intends that there should be a continuing role for the National Audit Office in subsequent Budgets. But future arrangements are not yet settled.

23.

To ask the Chancellor of the Exchequer if he will make a statement on his estimate of the level of the public sector borrowing requirement in the present and next financial year. [6201]

Excluding the temporary effects of the windfall tax and spending on Welfare to Work, the Public Sector Borrowing Requirement is forecast to be £13¼billion in 1997–98 and £5½ billion in 1998–99.