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April 2010
Article
Public finance bulletin: April 2010
Type: Public Finance Press Releases
Authors: Robert Chote, Rowena Crawford, Carl Emmerson and Gemma Tetlow

Headline Comparisons

  • Public sector net borrowing, excluding the impact of financial interventions, totalled £163.4bn in 2009−10. This is £3.1bn lower than the £166.5bn forecast in the March 2010 Budget, but higher than the £96.5bn in 2008−09.

  • Public sector net investment, excluding the impact of financial interventions, was £49.7bn in 2009-10. This compares to the £50.0bn forecast in the March 2010 Budget for 2009−10.

  • The current budget deficit in 2009−10 was £113.7bn, excluding the impact of financial interventions, which is £2.9bn lower than the £116.6bn forecast in the March 2010 Budget.

  • Underlying public sector net debt at the end of March 2010 stood at 53.8% of national income, which is lower than the 54.1% forecast in March's Budget. Including the impact of the financial interventions raises headline public sector net debt to 62.0%.

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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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