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Written question asked by Mel Stride (Conservative) on Friday, 28 February 2025, in the House of Commons. It was due for an answer on Wednesday, 5 March 2025 (named day). It was answered by Darren Jones (Labour) on Wednesday, 5 March 2025 on behalf of the Treasury.

Public Sector Debt: Budget October 2024

Question

To ask the Chancellor of the Exchequer, what the forecast level of (a) public sector net debt, (b) public sector net debt excluding Bank of England and (c) public sector net financial liabilities was at the time of the Autumn Budget 2024 in (i) cash terms, (ii) real terms and (iii) as a proportion of GDP on a (A) pre and (B) post measures basis in each financial year to 2029-30.

Original answer

At Autumn Budget 2024, the government put the public finances on a sustainable path by strengthening the fiscal framework, including announcing new fiscal rules, and taking difficult decisions on tax, welfare and spending.

The information requested is all publicly available in the AB24 Economic and Fiscal Outlook and the OBR’s Public Sector Finances aggregates databank

The answer was corrected by Darren Jones (Labour)

on Tuesday, 13 May 2025 on behalf of the Treasury.

Corrected answer

At Autumn Budget 2024, the government put the public finances on a sustainable path by strengthening the fiscal framework, including announcing new fiscal rules, and taking difficult decisions on tax, welfare and spending.

The information requested is all publicly available published explicitly, or calculable from information published, in the AB24 Economic and Fiscal Outlook and the OBR’s Public Sector Finances aggregates databank , with the exception of the information related to public sector net debt excluding Bank of England on a pre-measures basis, which is not published by the OBR.

Secondary information

Type
Written question
Reference
34597
Session
2024-26
Subjects
Public sector debt Budget October 2024
Contains statistics
Yes
Link
View this Written question on www.parliament.uk