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December 2005
Article
Public finance bulletin December 2005
Type: Public Finance Press Releases
Authors: Robert Chote, Carl Emmerson and Christine Frayne

Headline Comparisons

  • Central government current receipts in November were 4.1% higher than in the same month last year. This month's Pre-Budget Report forecast for 2005-06 implies an increase over last year's levels of 7.6% for the year as a whole and of 7.8% for the period from November 2005 to March 2006. The latest figures show an increase over last year's levels of 7.0% for the year to date.

  • Central government current spending in November was 6.4% higher than in the same month last year. This month's Pre-Budget Report forecast for 2005-06 implies an increase over last year's levels of 5.5% for the year as a whole and of 6.1% for the period from November 2005 to March 2006. The latest figures show an increase over last year's levels of 5.2% for the year to date.

  • Public sector net investment in November was £0.6bn higher (31.3%) than in the same month last year. This month's Pre-Budget Report forecast for 2005-06 implies an increase of 31.6% for the year as a whole and an increase of 36.9% for the period from November 2005 to March 2006. The latest figures show an increase over last year's levels of 24.9% 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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