Public Finance Press Releases

Public finance bulletin July 2005

Date: 20 July 2005
Authors:

Headline Comparisons

  • Central government current receipts in June were 7.0% higher than in the same month last year. Receipts in the first three months of 2005-06 were 7.0% higher than in the same months of 2004-05. The 2005 Budget implied that central government current receipts for the whole of 2005-06 would be 8.3% above 2004-05 levels.

  • Central government current spending in June was 7.3% higher than in the same month last year. Spending in the first three months of 2005-06 was 7.2% higher than in the same months of 2004-05. The 2005 Budget implied that central government current spending for the whole of 2005-06 would be 6.0% above 2004-05 levels.

  • Public sector net investment in June was £1.3bn, or 36.8% higher, than in the same month last year. Together, public sector net investment during the first three months of 2005-06 has been £3.9bn, which is 70.4% higher than in the same months of 2004-05 The Budget predicted that net investment in 2005-06 would be £26.2bn, which is 38.0% above last year's level.