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Public Finance

Volume 486: debated on Tuesday 13 January 2009

To ask the Chancellor of the Exchequer with reference to table B4 of the Pre-Budget Report, on the fiscal balances compared with Budget 2008, what the figures for the cyclically-adjusted (a) surplus on the current budget and (b) net borrowing are as a percentage of potential gross domestic product for each year. (245884)

I refer the hon. Member to the answer provided on to him on 15 December 2008, Official Report column 435-36W.

Cyclically adjusted fiscal aggregates are published as a percentage of forecast GDP not potential GDP.