Written Question·Treasury·UIN 707
Public Expenditure
Tabled: 18 July 2024
Answered: 23 July 2024
Named DayQuestion
Mr Richard Holden
Conservative — Basildon and Billericay
To ask the Chancellor of the Exchequer, what the annual deficit was (a) in percentage of GDP, (b) in 2010 real terms and (c) as a proportion of government spending in the financial year (i) 2009-10 and (ii) 2023-24.
Answer
Darren JonesThe annual deficit in 2009-2010 was 10.3% of GDP and 4.5% of GDP in 2023-24. The Office of National Statistics (ONS) does not publish the annual deficit in real terms. In order to remove the effects of inflation and provide an indication of a country’s ab...
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