Public Finance Press Releases

Public finance bulletin: September 2006

Date: 20 September 2006
Authors:

Headline comparisons

  • Central government current receipts in August were 6.1% higher than in the same month last year. Receipts in the first five months of 2006-07 were 6.9% 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 6.4% above 2005-06 levels.

  • Central government current spending in August was 6.7% higher than in the same month last year. Spending in the first five months of 2006-07 was 7.9% 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 August was £2.0bn, or 8.7% higher, than in the same month last year. Together, public sector net investment during the first five months of 2006-07 has been £10.6bn, which is 62.7% higher than in the same months of 2005-06 The Budget predicted that net investment in 2006-07 would be £28.8bn, which is 15.5% above last year's level.