Public Finance
(asked on 27th February 2018) - View Source
Question to the HM Treasury:
What progress is being made on reducing the deficit.
This question was answered on 27th February 2018
The deficit has been reduced by three quarters from its post-war peak in 2010, from 9.9% GDP to 2.3% GDP last year.
The OBR’s November forecasts shows the deficit reducing further, to 1.1% of GDP in 2022-23.