Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what change there has been in his estimate of the level of government borrowing required since the Budget in March 2015.

The government has set out a strategy that reduces the deficit at the same rate again in this Parliament as over the previous Parliament - that means reducing the deficit by 1.1% of GDP a year on average, for the next four years. While borrowing is forecast to be £18bn higher over the forecast period, the resulting smoother fiscal path leads to a higher surplus and lower public sector net debt as a share of GDP, relative to the March Budget.