PARLIAMENTARY WRITTEN QUESTION
Public Sector Debt (1 September 2023)
Question Asked
To ask the Chancellor of the Exchequer, what progress he has made on reducing the level of national debt.
Asked by:
Dr Kieran Mullan (Conservative)
Asked by:
Dr Kieran Mullan (Conservative)
Answer
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.
Answered by:
John Glen (Conservative)
11 September 2023
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