Public Finance Press Releases

Public finance bulletin: May 2006

Date: 19 May 2006
Authors:
Today the Office for National Statistics and HM Treasury published Public Sector Finances April 2006. We now have details of central government receipts, central government spending, public sector net investment, borrowing and debt for the first month of financial year 2006ְ7 and revised details for the whole of financial year 2005ְ6.

Headline Comparisons

  • Public sector surplus on the current budget in 2005ְ6 is now estimated to have been minus ñ1.8bn (i.e. in deficit), compared to the March 2006 Budget estimate of minus ñ1.4bn
  • Public sector net borrowing in 2005ְ6 in 2005ְ6 is now estimated to have been ó8.9.bn, compared to the ó7.1bn estimate in the Budget.
  • Central government current receipts in April were 2.8% higher than in the same month last year. The 2006 Budget implied that central government current receipts for the whole of 2006ְ7 would be 6.3% above 2005ְ6 levels.
  • Central government current spending in April was 9.3% higher than in the same month last year. The 2006 Budget implied that central government current spending for the whole of 2006ְ7 would be 5.3% above 2005ְ6 levels.
  • Public sector net investment in April was ñ.7bn compared to just ð.8bn in the same month last year. The Budget predicted that net investment in 2006ְ7 would be ò8.8bn, which is 6.3% above last year's level.