Public Sector Debt

(asked on 13th July 2026) - View Source

Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the report by the Office for Budget Responsibility Fiscal risks and sustainability, published on 7 July, in particular its conclusion that the current trajectory for public debt is unsustainable over the long term; and what steps they intend to take in response.


Answered by
Lord Pitt-Watson Portrait
Lord Pitt-Watson
Parliamentary Secretary (HM Treasury)
This question was answered on 24th July 2026

The Office for Budget Responsibility’s Fiscal Risks and Sustainability Report (FRS) 2026 confirms the need to boost growth and maintain sustainable public finances. A written ministerial statement (HLWS199) was published on 7 July alongside the publication of the FRS, setting out the actions the government is taking to reduce the deficit and ensure long-term sustainability.[1]

[1] https://questions-statements.parliament.uk/written-statements/detail/2026-07-07/hlws199 UK Parliament, 7 July 2026.

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