Baroness Kramer – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Baroness Kramer on 2016-03-02.

To ask Her Majesty’s Government when they expect to have balanced the structural deficit excluding capital expenditure.

Lord O’Neill of Gatley

The measure of the structural deficit that excludes capital is the ‘Cyclically-adjusted current budget’ (CACB). According to the Office for Budget Responsibility’s November 2015 ‘Economic and fiscal outlook’, the CACB is forecast to reach a surplus by 2017-18 of 0.5 per cent of GDP.