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Home Publications Public finance bulletin April 2005

Public finance bulletin April 2005

Robert Chote, Carl Emmerson and Christine Frayne
Public finance press release

Headline Comparisons

  • Public sector surplus on the current budget in 2004-05 was minus £16.6bn (i.e. in deficit) compared to the March 2005 Budget projection of minus £16.1bn (and the March 2004 Budget projection of minus £10.5bn).

  • Public sector net borrowing in 2004-05 was £34.5bn compared to the March 2005 Budget projection of £34.4bn (and the March 2004 Budget projection of minus £32.9bn).

  • Central government current receipts in March were 4.6% higher than in the same month last year. Overall, current receipts in 2004-05 are thought to have been £419.2bn, compared to the March 2005 Budget projection of £419.5bn (and the March 2004 Budget projection of minus £422.4bn).

  • Central government current spending in March was 1.6% lower than in the same month last year. Overall, current spending in 2004-05 is now thought to have been £434.2bn compared to the March 2005 Budget projection of £435.5bn (and the March 2004 Budget projection of minus £432.2bn).

  • Public sector net investment in March was 23.0% higher than in the same month last year. Overall, net investment in 2004-05 is now thought to have been £17.8bn compared to the March 2005 Budget projection of £18.3bn (and the March 2004 Budget projection of £22.4bn).