Public Finance Press Releases

Public finance bulletin November 2004

Date: 18 November 2004
Authors:

Headline Comparisons

  • Central government current receipts in October were 5.9% higher than in the same month last year.

    Receipts in the first seven months of this financial year were 6.3% higher than in the same period of 2003- 04. The 2004 Budget implied that central government current receipts for the whole of 2004-05 would be 7.8% above 2003-04 levels.

  • Central government current spending in October was 8.2% higher than in the same month last year.

    Spending in the first seven months of this financial year was 6.6% higher than in the period of 2003-04. The 2004 Budget implied that central government current spending for the whole of 2004-05 would be 5.2% above 2003-04 levels.

  • Public sector net investment in October was £1.1bn, or 20.9% higher than in the same month last year. Together, public sector net investment during the first seven months of this financial year has been £6.9bn, which is 13.1% higher than in the same period of 2003-04. The Budget predicted that net investment in 2004-05 would be £22.4bn, which is 63.3% above last year's level.