Public Sector Borrowing Requirement

The PSBR is the difference between tax receipts and total government spending. When the figures are negative, it shows a Public Sector Debt Repayment.

Year	PSBR as % of money GDP
1979/80	4.75
1980/81	5.25
1981/82	3.25
1982/83	3.25
1983/84	3.25
1984/85	3.00
1985/86	1.50
1986/87	1.00
1987/88	-0.75
1988/89	-3.00
1989/90	-1.50
1990/91	0.00
1991/92	2.25
1992/93	6.00
1993/94	7.00
1994/95	5.25
1995/96	4.50
1996/97	3.00
1997/98	1.75
1998/99	0.75
In the July 1997 Budget, the Chancellor said it was impossible to make assumptions about later years as plans will only be set once the comprehensive spending review has taken place.