Public Finance Press Releases

Public finance bulletin December 2005

Date: 20 December 2005
Authors:

Headline Comparisons

  • Central government current receipts in November were 4.1% higher than in the same month last year. This month's Pre-Budget Report forecast for 2005-06 implies an increase over last year's levels of 7.6% for the year as a whole and of 7.8% for the period from November 2005 to March 2006. The latest figures show an increase over last year's levels of 7.0% for the year to date.
  • Central government current spending in November was 6.4% higher than in the same month last year. This month's Pre-Budget Report forecast for 2005-06 implies an increase over last year's levels of 5.5% for the year as a whole and of 6.1% for the period from November 2005 to March 2006. The latest figures show an increase over last year's levels of 5.2% for the year to date.
  • Public sector net investment in November was £0.6bn higher (31.3%) than in the same month last year. This month's Pre-Budget Report forecast for 2005-06 implies an increase of 31.6% for the year as a whole and an increase of 36.9% for the period from November 2005 to March 2006. The latest figures show an increase over last year's levels of 24.9% for the year to date.