Question to the HM Treasury:

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

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.