Follow us
Publications Commentary Research People Events News Resources and Videos About IFS
Home Publications Public finance bulletin August 2005

Public finance bulletin August 2005

Robert Chote and Carl Emmerson
Public finance press release

Headline comparisons

  • Central government current receipts in July were 9.1% higher than in the same month last year. Receipts in the first four months of 2005ְ6 were 6.9% higher than in the same months of 2004ְ5. The 2005 Budget implied that central government current receipts for the whole of 2005ְ6 would be 8.3% above 2004ְ5 levels.
  • Central government current spending in July was 4.5% higher than in the same month last year. Spending in the first four months of 2005ְ6 was 6.4% higher than in the same months of 2004ְ5. The 2005 Budget implied that central government current spending for the whole of 2005ְ6 would be 6.0% above 2004ְ5 levels.
  • Public sector net investment in July was ñ.2bn, or 91.8% higher, than in the same month last year. Together, public sector net investment during the first four months of 2005ְ6 has been ÷.2bn, which is 102.6% higher than in the same months of 2004ְ5 The Budget predicted that net investment in 2005ְ6 would be ò6.2bn, which is 38.0% above last year's level.