The Rt. Hon. Sir John Major KG CH

Prime Minister of Great Britain and Northern Ireland 1990-1997

Chief Secretary (1987-1989)

Mr Major’s Written Parliamentary Answer on the Budget Surplus – 16 June 1988

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Below is the text of Mr Major’s written Parliamentary Answer on the Budget Surplus on 16th June 1988.

Mr. Butterfill To ask the Chancellor of the Exchequer what is his latest forecast of the Budget surplus for 1988-89.

Mr. Yeo To ask the Chancellor of the Exchequer what is his latest forecast of the Budget surplus for 1988-89.

Mr. Batiste To ask the Chancellor of the Exchequer what is his latest forecast of the Budget surplus for 1988-89.

Mr. Major The latest forecast for the PSBR in 1988-89 is for a net repayment of about £3 billion, 0.75 per cent. of GDP, as published in the 1988-89 Financial Statement and Budget Report.