Public Sector Debt

HM Treasury written question – answered on 8th January 2018.

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Photo of Gregory Campbell Gregory Campbell Shadow DUP Spokesperson (International Development), Shadow DUP Spokesperson (Cabinet Office)

To ask Mr Chancellor of the Exchequer, whether Public Sector Net Debt is scheduled to change in the way set out by the Office for Budget Responsibility in November 2015.

Photo of Stephen Barclay Stephen Barclay The Economic Secretary to the Treasury

The Office for Budget Responsibility’s November 2015 debt forecasts have been superseded by more recent forecasts.

The most up-to-date forecast for Public Sector Net Debt was published by the OBR at the recent 2017 Autumn Budget. This forecast shows debt starting to fall next year, and falling below 80% of GDP by 2021-22.

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