Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what the public sector net debt was in May 2017; and what estimate he has made of level of that debt by May 2022.

In May 2017 public sector net debt was 85% of GDP.

Forecasts for the level of debt are produced by the independent Office for Budget Responsibility. The OBR forecast debt levels at the end of March in each year, and do not provide an estimate of the debt level for each month.

Debt has begun its first sustained fall in a generation, three years before required by the fiscal rules. At Spring Statement 2019 the OBR forecast the level of public sector net debt in March 2022 will have fallen to 74.9% of GDP.