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Public Finance Press Releases
July 2009
Article
Public finance bulletin: July 2009
Type: Public Finance Press Releases
Authors: Robert Chote, Rowena Crawford, Carl Emmerson and Gemma Tetlow

Headline comparisons

  • Public sector current receipts in June were 5.7% lower than in the same month last year. Receipts between April and June 2009 were 9.4% 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.

  • Central government current spending in June was 2.8% higher than in the same month last year. Spending between April and June 2009 was 5.5% 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.

  • Public sector net investment in June was £3.1bn compared to £1.7bn in the same month last year. Together, public sector net investment between April and June 2009 has been £7.1bn, which is 59% higher than in the same three 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.

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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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Public spending and finance
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Monthly public finances analysis
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