asked the Minister for Finance the total budget deficit and the total borrowing requirement in cash terms as well as percentage of gross national product for each of the years from 1978 to 1988 inclusive.
Written Answers. - Gross National Product.
56.
The information requested in respect of the current budget deficit and total Exchequer borrowing is set out in the following table:
Trend in the Current Budget Deficit and the Exchequer Borrowing Requirement (in cash terms and as % of GNP) 1978-1988
|
Year |
Current Budget Deficit |
Total Exchequer Borrowing |
||
|
£m |
% of GNP |
£m |
% of GNP |
|
|
1978 |
397 |
6.1 |
810 |
12.4 |
|
1979 |
522 |
6.8 |
1,009 |
13.2 |
|
1980 |
547 |
6.1 |
1,218 |
13.5 |
|
1981 |
802 |
7.4 |
1,721 |
15.9 |
|
1982 |
988 |
7.9 |
1,945 |
15.6 |
|
1983 |
960 |
7.1 |
1,756 |
12.9 |
|
1984 |
1,039 |
7.0 |
1,825 |
12.3 |
|
1985 |
1,284 |
8.2 |
2,015 |
12.9 |
|
1986 |
1,395 |
8.3 |
2,145 |
12.8 |
|
1987 |
1,180 |
6.5 |
1,786 |
9.9 |
|
1988* |
317 |
1.7 |
619 |
3.3 |
|
1988** |
817 |
4.2 |
1,119 |
6.0 |
*Inclusive of receipts under the tax incentive scheme (amnesty).
**Exclusive of receipts under the tax incentive scheme (amnesty).