asked the Minister for Finance the total amount borrowed by the State from (a) June 1973 to June 1977, and (b) June 1977 to the latest available date; and the action the Government intend to take to reduce borrowing.
Written Answers.
29.
The Exchequer borrowed £1,763 million from 1 June 1973 to 31 May 1977 and £3,075 million from 1 June 1977 to 30 September 1980. The Government's proposals in relation to the level of future borrowing will be set out in the forthcoming 1981 Budget.
If these borrowing figures were all expressed at constant 1973 prices, the results would be:
borrowing 1 June 1973 to 31 May 1977 — £1,339 million;
borrowing 1 June 1977 to 30 September 1980 — £1,435 million.