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

Headline Comparisons

  • Central government current receipts in September were 6.3% lower than in the same month last year. Receipts in the first half of this financial year have been 10.3% lower than in the same months of 2008-09. The 2009 Budget implied that central government current receipts for the whole of 2009-10 would be 7.8% below 2008-09 levels.

  • Central government current spending in September was 4.9% higher than in the same month last year. Spending in the first half of this financial year has been 4.7% higher than in the same months of 2008-09. The 2009 Budget implied that central government current spending for the whole of 2009-10 would be 7.5% above 2008-09 levels.

  • Public sector net investment in September was £3.5bn compared to £1.2bn in the same month last year. Together, public sector net investment over the first half of this financial year has been £15.8bn, which is 67% higher than in the same months of 2008-09. The Budget predicted that net investment in 2009-10 would be £43.8bn, which is 23% 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
Centres or projects
Monthly public finances analysis
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