asked the Minister for Finance the total national debt to date; the amount of foreign borrowings; the amount of borrowings under the domestic market vis-à-vis 1984 and 1985; at what periods of the year borrowings were made both in foreign and domestic markets; and if he will make a statement on the matter.
Written Answers. - National Debt.
267.
At end-September 1986, the most recent date for which information is available, the national debt is estimated to have been £23,290 million of which £9,827 million is accumulated Exchequer foreign debt.
Total net borrowing operations by the Exchequer on the domestic market (including small savings) came to £1,075 million in 1984 and £1,374 million in 1985. In the first nine months of 1986, funding from the domestic market was £553 million. A quarterly breakdown of the domestic and foreign funding of the Exchequer borrowing requirement since the beginning of 1984 is provided for the Deputy's information in the attached table. I do not propose to make any further statement on the matter.
|
1984 — 1 January to: |
||||
|
31 Mar. |
30 June |
|||
|
£m |
£m |
£m |
£m |
|
|
Funds raised on the domestic market (including small savings)* |
145 |
471 |
760 |
1,075 |
|
Foreign borrowing |
677 |
623 |
676 |
649 |
|
1985 — 1 January to: |
||||
|
31 Mar. |
30 June |
30 Sept. |
31 Dec. |
|
|
£m |
£m |
£m |
£m |
|
|
Funds raised on the domestic market (including small savings)* |
450 |
968 |
1,324 |
1,374 |
|
Foreign borrowing |
733 |
937 |
862 |
806 |
|
1986 — 1 January to: |
|||
|
31 Mar. |
30 June |
30 Sept. |
|
|
£m |
£m |
£m |
|
|
Funds raised on the domestic market (including small savings)* |
334 |
675 |
553 |
|
Foreign borrowing |
703 |
699 |
864 |
* Excludes short term borrowings from the Central Bank and from Departmental Funds.