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December 2006
Article
Public finance bulletin: December 2006
Type: Public Finance Press Releases
Authors: Carl Emmerson, Christine Frayne and Gemma Tetlow

Headline Comparisons

  • Central government current receipts in November were 5.1% higher than in the same month last year. This month's Pre-Budget Report forecast for 2006-07 implies an increase over last year's levels of 6.9% for the year as a whole and of 7.3% for the period from November 2006 to March 2007. The latest figures show an increase over last year's levels of 6.4 % for the year to date.
  • Central government current spending in November was 1.0% higher than in the same month last year. This month's Pre-Budget Report forecast for 2006-07 implies an increase over last year's levels of 5.0% for the year as a whole and of 2.6% for the period from November 2006 to March 2007. The latest figures show an increase over last year's levels of 6.1% for the year to date.
  • Public sector net investment in November was £2.2bn (8.9%) higher than in the same month last year. This month's Pre-Budget Report forecast for 2006-07 implies an increase of 30.2% for the year as a whole and an increase of 16.1% for the period from November 2006 to March 2007. The latest figures show an increase over last year's levels of 43.0% 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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