Public Sector: Borrowing
The question
To ask the Chancellor of the Exchequer, what strategy HM Treasury is implementing to ensure that annual public sector borrowing aligns with long-term fiscal rules without increasing debt burdens on future generations.
Answered by Treasury
The government is committed to meeting the fiscal rules with a buffer against uncertainty.
The fiscal rules put the public finances on a sustainable path, and reduce borrowing, by moving the current budget into balance, so day-to-day spending is met by revenues. They also put debt on a declining path.
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