Public Finance Press Releases

Public finance bulletin July 2003

Date: 18 July 2003
Authors:
Journal, book or Issue Title: Public Finance Bulletins

Headline comparisons

  • Central government current receipts are 5.6% up on

    the first 3 months of last year. The Budget 2003 forecast for 2003-04

    implies an increase of 7.0% for the year as a whole.

  • Central government current spending is 8.2% up on

    the first 3 months of last year. The Budget 2003 forecast for 2003-04

    implies an increase of 6.5% for the year as a whole.

  • Public sector next investment is 180.8% up on the

    first 3 months of last year. The Budget 2003 forecast for 2003-04 implies

    an increase of 67.2% for the year as a whole.

  • Public sector net debt has risen from 31.1% of GDP

    in May 2003 to 31.9% of GDP in June 2003, the highest figure since

    December 2000.