asked Her Majesty's Government:Whether they will state the public sector borrowing requirements for each year from 1961 to date; and whether they will give an estimate of the percentage of these requirements which fell to capital expenditure and the percentage to current expenditure.
The public sector borrowing requirement for calendar years from 1961 to date is set out below:—
| £m | |
| 1961 | 704 |
| 1962 | 546 |
| 1963 | 844 |
| 1964 | 990 |
| 1965 | 1,208 |
| 1966 | 964 |
| 1967 | 1,860 |
| 1968 | 1,295 |
| 1969 | -445 |
| 1970 | 4 |
| 1971 | 1,382 |
| 1972 | 2,054 |
| 1973 | 4,209 |
| 1974 | 6,437 |
| 1975 | 10,480 |
| 1976 | 9,128 |
| 1977 | 5,995 |
| 1978 | 8,331 |
| 1979 | 12,594 |
| 1980 | 12,371 |
Sources: Figures for 1961 and 1962 are from the Bank of England Statistical Abstract, 1970 and are subject to a greater degree of estimation than those for 1963 onwards, which are from Economic Trends Annual Supplement, 1981 Edition, updated by Financial Statistics.
It is not possible to hypothecate borrowing as between current and capital expenditure. Nevertheless, the position is that for all years since 1961 there has been a surplus on current account.