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February 2005
Article
Public finance bulletin February 2005
Type: Public Finance Press Releases
Authors: Carl Emmerson and Christine Frayne

Headline Comparisons

  • Central government current receipts in January were 12.7% higher than in the same month last year. The December 2004 Pre-Budget Report forecast for 2004-05 implies an increase over last year's levels of 7.2% for the year as a whole and of 7.4% for the period from November 2004 to March 2005. The latest figures show an increase over last year's levels of 7.8% in the year to date, and a cumulative increase of 9.4% over last year for the three months since the Pre-Budget Report.

  • Central government current spending in January was 4.9% higher than in the same month last year. The December 2004 Pre-Budget Report forecast for 2004-05 implies an increase over last year's levels of 5.2% for the year as a whole and of 2.2% for the period from November 2004 to March 2005. The latest figures show an increase over last year's levels of 6.3% for the year to date, and a cumulative increase of 3.7% over last year for the three months since the Pre-Budget Report.

  • Public sector net investment in January was £2.6bn, or 37.9% higher than in the same month last year. The December 2004 Pre-Budget Report forecast for 2004-05 implies an increase of 56.4% for the year as a whole and an increase of 99.0% for the period from November 2004 to March 2005. The latest figures show an increase over last year's levels of 10.0% for the year to date, and a cumulative increase of 22.6% over last year for the three months since the Pre-Budget Report.

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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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