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Public Sector: Pensions

Volume 458: debated on Thursday 29 March 2007

To ask the Chancellor of the Exchequer what his latest estimates are of spending on public service pensions as a share of gross domestic product in each year from 2005-06 to 2050-51; and if he will make a statement. (130182)

The latest public service pension projections covering a 50-year horizon were published by HM Treasury in the 2006 Long-Term Public Finance report, table 5.1. The report shows that spending as a share of GDP is projected to be very stable over the coming decades, fluctuating between 1.8 per cent. in 2015-16 to 2 per cent. of GDP in 2055-56. The report publishes projections on a 10-year basis.