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 Office for Budget Responsibility's projection that public sector debt could reach 300 per cent of GDP by 2075.


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] Fiscal Risks and Sustainability Report 2026 – Written Ministerial Statement, UK Parliament, 7th July 2026.

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