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753308
star this property registered interest false remove filter
star this property date less than 2017-07-18more like thismore than 2017-07-18
star this property answering body
HM Treasury more like this
unstar this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text Her Majesty's Government what progress have they made in reducing the national debt. more like this
star this property tabling member printed
Lord Kennedy of Southwark more like this
star this property uin HL996 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-07-28more like thismore than 2017-07-28
star this property answer text <p>In 2010 the government inherited the largest deficit since the Second World War at 9.9% of GDP in 2009-10. Since then the government has reduced the deficit by three quarters to 2.4% of GDP last year. Without this reduction the level of debt would be even higher than its level of 86.8% of GDP at the end of March 2017.</p><p> </p><p>The government has committed to ensure Public Sector Net Debt as a share of GDP is falling in 2020-21. In their March 2017 forecast the Office for Budget Responsibility forecast that the government will meet this target two years early in 2018-19.</p> more like this
star this property answering member printed Lord Bates more like this
star this property question first answered
remove filter
unstar this property answering member
1091
star this property label Biography information for Lord Bates more like this
star this property tabling member
4153
unstar this property label Biography information for Lord Kennedy of Southwark more like this