Headline Comparisons

• Central government current receipts in June were 7.0% higher than in the same month last year. Receipts in the first three months of 2005-06 were 7.0% higher than in the same months of 2004-05. The 2005 Budget implied that central government current receipts for the whole of 2005-06 would be 8.3% above 2004-05 levels.

• Central government current spending in June was 7.3% higher than in the same month last year. Spending in the first three months of 2005-06 was 7.2% higher than in the same months of 2004-05. The 2005 Budget implied that central government current spending for the whole of 2005-06 would be 6.0% above 2004-05 levels.

• Public sector net investment in June was £1.3bn, or 36.8% higher, than in the same month last year. Together, public sector net investment during the first three months of 2005-06 has been £3.9bn, which is 70.4% higher than in the same months of 2004-05 The Budget predicted that net investment in 2005-06 would be £26.2bn, which is 38.0% above last year's level.

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