Proceeding contribution from Stewart Hosie (Scottish National Party) in the House of Commons on Wednesday, 20 January 2010. It occurred during Debate on bill and Committee of the Whole House (HC) on Fiscal Responsibility Bill.
Fiscal Responsibility Bill
The Minister has mentioned reducing the debt. However, at the end of this deficit-consolidation phase, the annual deficit will still be 5.5 per cent. of gross domestic product, which will definitely be above trend and almost certainly above annual growth. When do the Government intend to start paying the debt down, as opposed merely to reducing the level of the deficit?
Secondary information
- Type
- Proceeding contribution
- Reference
- 504 c341
- Session
- 2009-10
- Chamber / Committee
- House of Commons chamber
- Subjects
- Audit Banks Borrowing Fiscal policy Economic situation Economic policy Economic growth National income Public expenditure Public finance Public sector debt Taxation Economic recession
- Legislation
- Fiscal Responsibility Bill 2009-10
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2024-04-22 01:03:05 +0100
- URI
- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_612167
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