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

Headline Comparisons

  • Central government current receipts in February were 5.3% 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 7.4% 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 7.4% for both the year to date and the four month period from November 2005 to February 2006.

  • Central government current spending in February was 8.3% 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 4.9% for the year as a whole and of 3.4% for the period from November 2005 to March 2006. The latest figures show an increase over last year's levels of 5.6% for the year to date and a 5.0% increase in November 2005 to February 2006 over the same four months last year.

  • Public sector net investment in February was £0.2bn higher (6.8%) than in the same month last year. The December 2005 Pre-Budget Report forecast for 2005-06 implies an increase of 27.2% for the year as a whole and an increase of 3.3% for the period from November 2005 to March 2006. The latest figures show an increase over last year's levels of 41.7% for the year to date and a 23.9% increase in November 2005 to February 2006 over the same four 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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