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Public Finance

Question for HM Treasury

UIN 904046, tabled on 27 February 2018

What progress is being made on reducing the deficit.

Answered on

27 February 2018

The deficit has been reduced by three quarters from its post-war peak in 2010, from 9.9% GDP to 2.3% GDP last year.

The OBR’s November forecasts shows the deficit reducing further, to 1.1% of GDP in 2022-23.

Answered by

Treasury
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