Public Sector Debt

(asked on 1st September 2023) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what progress he has made on reducing the level of national debt.


Answered by
John Glen Portrait
John Glen
Shadow Paymaster General
This question was answered on 11th September 2023

Reducing national debt is one the Prime Minister’s five priorities, which is reflected in the Government’s fiscal rules. In its March forecast, the independent Office for Budget Responsibility confirmed that the Government is on track to deliver this, with underlying debt falling as a percentage of GDP in 2027-28. To ensure fiscal sustainability, the Government has taken difficult but necessary decisions to ensure that debt is falling.

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