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419474
star this property registered interest false more like this
star this property date less than 2015-09-17more like thismore than 2015-09-17
star this property answering body
HM Treasury more like this
star 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 hansard heading Public Finance more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what assessment he has made of where the compensating permanent deficit or deficits will appear in the national income accounts as a result of his Department sustaining a permanent budget surplus. more like this
star this property tabling member constituency East Lothian more like this
star this property tabling member printed
George Kerevan more like this
star this property uin 10585 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>In the UK National Accounts, the income and expenditure of different sectors (household, corporate, public sector, and the rest of the world) imply paths for each sector’s net lending or borrowing. By identity, these must sum to zero as for each borrower there must be a lender.</p><p>If the public sector were to run a budget surplus, there would be an offsetting change in the net lending position of one of the household, corporate and the rest of the world sectors. More information is available in the latest OBR Economic and Fiscal Forecast (July 2015). A link to the information is provided below:</p><p><a href="http://budgetresponsibility.org.uk/economic-fiscal-outlook-july-2015/" target="_blank">http://budgetresponsibility.org.uk/economic-fiscal-outlook-july-2015/</a></p> more like this
star this property answering member constituency West Worcestershire more like this
star this property answering member printed Harriett Baldwin more like this
star this property question first answered
remove filter
star this property answering member
4107
star this property label Biography information for Harriett Baldwin remove filter
star this property tabling member
4416
star this property label Biography information for George Kerevan more like this