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December 2003
Article
Public finance bulletin December 2003
Type: Public Finance Press Releases
Authors: Robert Chote, Carl Emmerson and Christine Frayne
Published in: Public Finance Bulletins

Headline comparisons

  • Central government current receipts in November were 5.7% higher than the same month last year. Last week's Pre-Budget Report forecast for 2003-04 implies an increase over last year's levels of 5.8% for the year as a whole and of 7.1% for the period from November 2003 to March 2004. The latest figures show an increase over last year's levels of 5.0% for the year to date.

  • Central government current spending in November was 1.8% lower than the same month last year. Last week's Pre-Budget Report forecast for 2003-04 implies an increase of 8.3% over last year's levels for the year as a whole and of 6.2% for the period from November 2003 to March 2004. The latest figures show an increase over last year's levels of 8.3% for the year to date.

  • Public sector next investment in November was 129.0% higher than the same month last year. Last week's Pre-Budget Report forecast for 2003-04 implies an increase of 67.9% for the year as a whole and an increase of 57.1% for the period from November 2003 to March 2004. The latest figures show an increase over last year's levels of 92.0% for the year to date.

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IFS public finance bulletins are generously supported by the Economic and Social Research Council. The analysis is based on IFS calculations and does not reflect the views of the ESRC.
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