Part of Oral Answers to Questions — Overseas Development – in the House of Commons at 12:00 am on 1 March 1993.
Mr Mark Lennox-Boyd
, Morecambe and Lunesdale
12:00,
1 March 1993
My right hon. Friend the Chancellor of the exchequer set out the Government's spending plans for 1993–94 to 1995–96, including those for overseas aid, in his autumn statement on 12 November last year.
The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
