Public finance bulletin: June 2009

<p><p><p><p><p><h4>Headline comparisons</h4><p><ul><li><b> Public sector current receipts</b> in May were 10.8% lower than in the same month last year. Receipts in April and May 2009 were 11.2% lower than in the same months of 2008. The 2009 Budget implied that central government current receipts for the whole of 2009-10 would be 7.4% below 2008-09 levels. <p><li><b> Central government current spending </b> in May was 7.4% higher than in the same month last year. Spending in April and May 2009 was 7.3% higher than in the same months of 2008. The 2009 Budget implied that central government current spending for the whole of 2009-10 would be 7.3% above 2008-09 levels. <p><li> <b> Public sector net investment </b> in May was £2.3bn compared to £1.7bn in the same month last year. Together, public sector net investment during April and May 2008 has been £4.0bn, which is 46% higher than in the same two months of 2008. The Budget predicted that net investment in 2009-10 would be £43.8bn, which is 21.0% above last year's level. </ul></p></p></p></p>