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February 2006
Article
Public finance bulletin: February 2006
Type: Public Finance Press Releases
Authors: Carl Emmerson and Christine Frayne

Headline Comparisons

  • Central government current receipts in January were 14.4% higher than in the same month last year. The December 2005 Pre-Budget Report forecast for 2005-06 implies an increase over last year's levels of 6.9% for the year as a whole and of 6.2% for the period from November 2005 to March 2006. The latest figures show an increase over last year's levels of 7.8% for the year to date and an 8.5% increase in November 2005 to January 2006 over the same three months last year.

  • Central government current spending in January was 7.4% higher than in the same month last year. The December 2005 Pre-Budget Report forecast for 2005-06 implies an increase over last year's levels of 4.8% for the year as a whole and of 3.5% for the period from November 2005 to March 2006. The latest figures show an increase over last year's levels of 5.8% for the year to date and a 2.6% increase in November 2005 to January 2006 over the same three months last year.

  • Public sector net investment in January was £0.7bn lower (21.2%) than in the same month last year. The December 2005 Pre-Budget Report forecast for 2005-06 implies an increase of 26.9% for the year as a whole and an increase of 2.7% for the period from November 2005 to March 2006. The latest figures show an increase over last year's levels of 46.7% for the year to date and a 24.7% increase in November 2005 to January 2006 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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