asked the Minister for Finance if he will provide the 1988 estimated data relating to his replies to Parliamentary Questions Nos. 70, 74 and 78 of 14 October 1987.
Written Answers. - Data on Parliamentary Questions.
70.
The information sought is as follows.
Tables have been updated in the light of (a) the 1987 provisional outturn figures and (b) revisions to gross national product since the tables were last provided.
Table A. Budgetary Aggregates from 1977 to 1988, as a percentage of gross national product.
|
Year |
Current Revenue |
Current Expenditure |
Current Budget Deficit |
Capital Budget Deficit |
Exchequer Borrowing Requirement |
|
as % of Gross National Product |
|||||
|
1977 |
31.4 |
35.0 |
3.6 |
6.1 |
9.7 |
|
1978 |
31.0 |
37.1 |
6.1 |
6.3 |
12.4 |
|
1979 |
31.2 |
38.1 |
6.8 |
6.4 |
13.2 |
|
1980 |
35.0 |
41.1 |
6.1 |
7.4 |
13.5 |
|
1981 |
36.6 |
14.0 |
7.4 |
8.5 |
15.9 |
|
1982 |
39.4 |
47.3 |
7.9 |
7.7 |
15.6 |
|
1983 |
42.0 |
49.0 |
7.1 |
5.9 |
12.9 |
|
1984 |
40.1 |
47.1 |
7.0 |
5.3 |
12.3 |
|
1985 |
40.4 |
48.6 |
8.2 |
4.7 |
12.9 |
|
1986 |
40.5 |
48.9 |
8.4 |
4.5 |
12.9 |
|
1987 |
40.1 |
46.7 |
6.6 |
3.4 |
10.0 |
|
1988* |
38.0 |
44.1 |
6.1 |
1.8 |
7.9 |
*The 1988 percentages shown are based on the most recent GNP estimate and the nominal 1988 Budget target figures. They also reflect the ending of the system of circular payments effected by the Local Loans Fund (Amendment) Act, 1987.
Note: Some figures do not add up due to rounding.
Table B. Debt service from 1977 to 1988 as a percentage of gross national product.
|
Year |
Service of Government Debt |
|
|
£m |
% of GNP |
|
|
1977 |
334 |
6.0% |
|
1978 |
418 |
6.4% |
|
1979 |
514 |
6.7% |
|
1980 |
661 |
7.3% |
|
1981 |
885 |
8.2% |
|
1982 |
1,249 |
10.0% |
|
1983 |
1,456 |
10.7% |
|
1984 |
1,705 |
11.5% |
|
1985 |
1,967 |
12.6% |
|
1986 |
1,989 |
12.0% |
|
1987 |
2,118 |
11.9% |
|
1988 |
2,173 |
11.7% |
|
(Budget Estimate) |
Table C. Exchequer Pay and Pensions Bill from 1980 to 1988.
|
Year |
Expenditure |
Increase over previous year |
|
£m |
% |
|
|
1980 |
1,392 |
33.2 |
|
1981 |
1,729 |
24.2 |
|
1982 |
1,982 |
14.6 |
|
1983 |
2,175 |
9.7 |
|
1984 |
2,335 |
7.4 |
|
1985 |
2,500 |
7.1 |
|
1986 |
2,670 |
6.8 |
|
1987 |
2,815 |
5.4 |
|
1988 |
2,913 |
3.5 |
|
(Budget Estimate) |
In order to have a consistent series the figures shown above do not include pay expenditure for the former Department of Posts & Telegraphs.