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January 2006
Article
Public finance bulletin January 2006
Type: Public Finance Press Releases
Authors: Robert Chote, Carl Emmerson and Christine Frayne

Headline Comparisons

  • Central government current receipts in December were 7.5% higher than in the same month last year. Last 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 8.0% for the period from November 2005 to March 2006. The latest figures show an increase over last year's levels of 7.1% for the year to date and a 6.1% increase in November and December 2005 over the same two months last year.

  • Central government current spending in December was 3.2% higher than in the same month last year. Last 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 3.8% for the period from November 2005 to March 2006. The latest figures show an increase over last year's levels of 5.7% for the year to date and a 2.6% increase in November and December 2005 over the same two months last year.

  • Public sector net investment in December was £1.2bn higher (93.0%) than in the same month last year. Last 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 35.0% for the period from November 2005 to March 2006. The latest figures show an increase over last year's levels of 37.1% for the year to date and a 63.9% increase in November and December 2005 over the same two months last year.

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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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