Public Finance Press Releases

Public finance bulletin: August 2006

Date: 18 August 2006
Authors:

Headline Comparisons

  • Central government current receipts in July were 11.4% higher than in the same month last year. Receipts in the first four months of 2006-07 were 7.1% higher than in the same months of 2005-06. The 2006 Budget implied that central government current receipts for the whole of 2006-07 would be 6.3% above 2005–06 levels.
  • Central government current spending in July was 5.8% higher than in the same month last year. Spending in the first four months of 2006-07 was 8.4% higher than in the same months of 2005-06. The 2006 Budget implied that central government current spending for the whole of 2006-07 would be 4.8% above 2005-06 levels.
  • Public sector net investment in July was £2.1bn, or 57.3% higher, than in the same month last year. Together, public sector net investment during the first four months of 2006-07 has been £5.6bn, which is 20.9% higher than in the same months of 2005-06 The Budget predicted that net investment in 2006–07 would be £28.8bn, which is 11.7% above last year's level.