10 April 1992 – 2 May 1997
Public finances during the Conservative 1992–1997 government
Summary
| Metric | Level when government took office | Latest | Change during government |
|---|---|---|---|
| Borrowing forecasts, per cent of GDPOBR · per cent of GDP | 3.3%Year ending March 1992 | 3.1%Year ending March 1997 | ↓ 5.9%−0.2% · 5 periods |
| Borrowing forecasts, £ billionOBR · £ billion | £23.8bnYear ending March 1992 | £28.9bnYear ending March 1997 | ↑ 21.7%+£5.2bn · 5 periods |
| Debt forecasts, per cent of GDPOBR · per cent of GDP | No complete period was published before this government took office. | ||
| Spending forecasts, £ billionOBR · £ billion | £263.2bnYear ending March 1992 | £328.2bnYear ending March 1997 | ↑ 24.7%+£65.1bn · 5 periods |
| Receipts forecasts, £ billionOBR · £ billion | £239.4bnYear ending March 1992 | £299.3bnYear ending March 1997 | ↑ 25.0%+£59.9bn · 5 periods |
| GDP growth forecastsOBR · per cent | -1.4%1991 | 2.6%1996 | ↑ 286.0%+4% · 5 periods |
| Inflation forecastsOBR · per cent | No complete period was published before this government took office. | ||
| Unemployment forecastsOBR · per cent | No complete period was published before this government took office. | ||
| Employment forecastsOBR · people | No complete period was published before this government took office. | ||
| Earnings growth forecastsOBR · per cent | No complete period was published before this government took office. | ||
| House price forecastsOBR · per cent | No complete period was published before this government took office. | ||
| Household income forecastsOBR · per cent | No complete period was published before this government took office. | ||
| Income tax forecastsOBR · £ billion | No complete period was published before this government took office. | ||
| National Insurance forecastsOBR · £ billion | No complete period was published before this government took office. | ||
| VAT forecastsOBR · £ billion | No complete period was published before this government took office. | ||
| Welfare spending forecastsOBR · £ billion | No complete period was published before this government took office. | ||
| Debt interest forecastsOBR · £ billion | No complete period was published before this government took office. | ||
| Public sector receipts since 1900, per cent of GDPOBR · per cent of GDP | 33.4%Year ending March 1992 | 32.3%Year ending March 1997 | ↓ 3.3%−1.1% · 5 periods |
| Public spending since 1900, per cent of GDPOBR · per cent of GDP | 36.7%Year ending March 1992 | 35.4%Year ending March 1997 | ↓ 3.5%−1.3% · 5 periods |
| Borrowing since 1900, per cent of GDPOBR · per cent of GDP | 3.3%Year ending March 1992 | 3.1%Year ending March 1997 | ↓ 5.9%−0.2% · 5 periods |
| National debt since 1900, per cent of GDPOBR · per cent of GDP | 22.8%Year ending March 1992 | 36.4%Year ending March 1997 | ↑ 59.6%+13.6% · 5 periods |
| Public sector net borrowingONS · £ million | No complete period was published before this government took office. | ||
| Public sector net debtONS · £ billion | £165.8bnMarch 1992 | £352.5bnApril 1997 | ↑ 112.6%+£186.7bn · 50 periods |
| Public sector net debt as a share of GDPONS · percent | No complete period was published before this government took office. | ||
| Debt interest paidONS · £ million | No complete period was published before this government took office. | ||
Borrowing forecasts, per cent of GDP
Inherited Year ending March 1992: 3.3% per cent of GDP. Latest Year ending March 1997: 3.1%.
Borrowing forecasts, £ billion
Inherited Year ending March 1992: £23.8bn £ billion. Latest Year ending March 1997: £28.9bn.
Debt forecasts, per cent of GDP
No complete period was published before this government took office.
Spending forecasts, £ billion
Inherited Year ending March 1992: £263.2bn £ billion. Latest Year ending March 1997: £328.2bn.
Receipts forecasts, £ billion
Inherited Year ending March 1992: £239.4bn £ billion. Latest Year ending March 1997: £299.3bn.
GDP growth forecasts
Inherited 1991: -1.4% per cent. Latest 1996: 2.6%.
Inflation forecasts
No complete period was published before this government took office.
Unemployment forecasts
No complete period was published before this government took office.
Employment forecasts
No complete period was published before this government took office.
Earnings growth forecasts
No complete period was published before this government took office.
House price forecasts
No complete period was published before this government took office.
Household income forecasts
No complete period was published before this government took office.
Income tax forecasts
No complete period was published before this government took office.
National Insurance forecasts
No complete period was published before this government took office.
VAT forecasts
No complete period was published before this government took office.
Welfare spending forecasts
No complete period was published before this government took office.
Debt interest forecasts
No complete period was published before this government took office.
Public sector receipts since 1900, per cent of GDP
Inherited Year ending March 1992: 33.4% per cent of GDP. Latest Year ending March 1997: 32.3%.
Public spending since 1900, per cent of GDP
Inherited Year ending March 1992: 36.7% per cent of GDP. Latest Year ending March 1997: 35.4%.
Borrowing since 1900, per cent of GDP
Inherited Year ending March 1992: 3.3% per cent of GDP. Latest Year ending March 1997: 3.1%.
National debt since 1900, per cent of GDP
Inherited Year ending March 1992: 22.8% per cent of GDP. Latest Year ending March 1997: 36.4%.
Public sector net borrowing
No complete period was published before this government took office.
Public sector net debt
Inherited March 1992: £165.8bn £ billion. Latest April 1997: £352.5bn.
Public sector net debt as a share of GDP
No complete period was published before this government took office.
Debt interest paid
No complete period was published before this government took office.