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1219172

registered interest
date	30/06/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Development Aid
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 29 June 2020 to Question 64280 on National Income, what gross national income forecast he is using to instruct Government Departments that spend Official Development Assistance (ODA) to reduce their ODA budgets.
tabling member constituency	Birmingham, Edgbaston
tabling member printed	Preet Kaur Gill
uin	66956
answer	answer is ministerial correction date of answer 06/07/2020 answer text <p>The Office for Budget Responsibility (OBR) is responsible for producing forecasts of the economy and public finances. HM Treasury does not produce forecasts of the economy or public finances. The latest official forecast of Gross National Income (GNI) was published by the OBR on 11 March 2020. As mentioned in the reply you received on 29 June, the OBR published a reference scenario on 14 April assessing the potential impact of coronavirus on the economy and public finances. In this scenario real Gross Domestic Product (GDP) is assumed to fall by 12.8% in 2020 before recovering quickly, growing by 16.1% in 2021. The Official Development Assistance (ODA) commitment is linked to the size of the economy, so the level of ODA spend is likely to decrease this year. We take evidence-based spending decisions and ensure departments maintain high standards of programme delivery that are consistent with HMG best practice.</p><p> </p> answering member constituency North East Cambridgeshire answering member printed Steve Barclay question first answered 06/07/2020 15:15:25 answering member 4095 label Biography information for Steve Barclay
tabling member	4603 label Biography information for Preet Kaur Gill

1219280

registered interest
date	30/06/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	National Income: Coronavirus
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Secretary of State for Foreign and Commonwealth Affairs's oral contribution of 30 June 2020 in the Official Report, if he will publish the economic figures that apply in relation to the effect of covid-19 on Gross National Income.
tabling member constituency	Birmingham, Edgbaston
tabling member printed	Preet Kaur Gill
uin	66957
answer	answer is ministerial correction date of answer 06/07/2020 answer text <p>HM Treasury does not produce forecasts of the economy or public finances.</p><p> </p><p>The Office for Budget Responsibility (OBR) is responsible for producing forecasts of the economy and public finances. On 14 April the OBR published a reference scenario assessing the potential impact of coronavirus on the economy and public finances. In this scenario real Gross Domestic Product (GDP) is assumed to fall by 12.8 per cent in 2020 before recovering quickly, growing by 16.1% in 2021. The OBR assume that real GDP grows by 1.5% in 2022, 1.3% in 2023, and 1.4% in 2024. The OBR note that the Government’s policy response should help limit the long-term damage to the economy and public finances.</p> answering member constituency Salisbury answering member printed John Glen question first answered 06/07/2020 07:24:29 answering member 4051 label Biography information for John Glen
tabling member	4603 label Biography information for Preet Kaur Gill