10% reduction in its primary balance before, between 1994 and 2000, as the chart below shows: 17 EFTA00612113 www.varianlperception.com May 10 UK Primary Budget BUNN 10% - - -10% • -15% p yz4ssRa* ?; ?. A A A A A A A A A A A A A A A A 2 2 Source: OECD However, nominal GDP grew by over 40%