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<p>The government has set out a strategy that reduces the deficit at the same rate
again in this Parliament as over the previous Parliament - that means reducing the
deficit by 1.1 per cent of GDP a year on average, for the next four years. While,
as set out in the Office for Budget Responsibility’s July Economic and Fiscal Outlook,
borrowing is forecast to be £21 billion higher up to 2018-19, the resulting smoother
fiscal path leads to a higher surplus and lower public sector net debt as a share
of GDP, relative to the March Budget.</p><p> </p>
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