Public Finance Press Releases

Public finance bulletin September 2005

Date: 20 September 2005
Authors:

Headline comparisons

  • Central government current receipts in August were 7.6% higher than in the same month last year. Receipts in the first five months of 2005-06 were 7.2% 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 August was 3.8% higher than in the same month last year. Spending in the first five months of 2005-06 was 5.9% 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 August was £0.3bn, or 18.4%, higher than in the same month last year. Together, public sector net investment during the first five months of 2005-06 has been £8.7bn, which is 75.3% 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.