Lord Greaves
Liberal Democrat
To ask Her Majesty’s Government what was the annual budget deficit and what was the structural deficit for each of the last 20 years; and what is their estimate of those figures for the current year and the next two years.
Lord Deighton
The Commercial Secretary to the Treasury
“The independent Office for Budget Responsibility publishes this information in its ‘public finances databank’, the deficit being ‘Public sector net borrowing’ (PSNB) and the structural deficit being ‘Cyclically-adjusted net borrowing’ (CANB). The data are set out in the table below:
| £bn | 1994-95 | 1995-96 | 1996-97 | 1997-98 | 1998-99 | 1999-00 | 2000-01 | 2001-02 |
| PSNB | 43.8 | 35.3 | 27.7 | 5.8 | -4.6 | -14.8 | -17.2 | 0.6 |
| CANB | 37.8 | 25.6 | 24 | 14.1 | 7.9 | -1 | -5.1 | 7.7 |
| £bn | 2002-03 | 2003-04 | 2004-05 | 2005-06 | 2006-07 | 2007-08 | 2008-09 | 2009-10 |
| PSNB | 26.6 | 31.5 | 43.6 | 41 | 36.3 | 40.3 | 100.3 | 153 |
| CANB | 27.2 | 36.4 | 52.3 | 48.8 | 44.7 | 58.3 | 99.5 | 121.9 |
| £bn | 2011-12 | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 |
| PSNB | 112.4 | 119.4 | 97.5 | 91.3 | 75.9 | 40.9 |
| CANB | 81.8 | 86.2 | 70.6 | 77.4 | 68 | 34.8 |
The outturn years are consistent with data published by the Office for National Statistics and the forecast years consistent with the ‘Economic and fiscal outlook’ published by the Office for Budget Responsibility in December 2014.
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