Mr Osborne said borrowing would fall from 10.1 per cent of GDP this year to just 1.1 per cent in 2015 - 16, while the underlying current budget deficit would move into surplus by 2014/15 - a year earlier than planned. (channel4.com)
In their pledge, the Lib Dems are vowing to protect spending on two to 19 - year - olds in real terms until 2017/18, when they hope to eradicate the cyclically - adjusted current budget deficit, and then increase education spending in line with economic growth. (schoolsweek.co.uk)
However, it's estimated that it will only generate $ 8.7 billion over 10 years, which equates to 0.18 % of the current budget deficit. (countingpips.com)