Public Sector: Investment

HM Treasury written question – answered on 16th June 2015.

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Photo of Lord Kinnock Lord Kinnock Labour

To ask Her Majesty’s Government whether they plan to increase the level of public sector net investment set out in the December 2014 Office of Budget Responsibility Economic and Fiscal Outlook to a level above 1.3 per cent of gross domestic product for the 2016–17 financial year, and to a level above 1.2 per cent of gross domestic product for the 2017–18, 2018–19 and 2019–20 financial years.

Photo of Lord O'Neill of Gatley Lord O'Neill of Gatley The Commercial Secretary to the Treasury

The most recent forecasts for Public Sector Net Investment by the Office for Budget Responsibility can be found in their March 2015 Economic and Fiscal Outlook. The government will set out its plans for spending beyond 2015-16 later this year.

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