Public Finance Press Releases

Public finance bulletin: October 2006

Date: 19 October 2006
Authors:

Headline Comparisons

  • Central government current receipts in September were 4.1% higher than in the same month last year. Receipts in the first half of 2006-07 were 6.3% 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 September was 7.7% higher than in the same month last year. Spending in the first half of 2006-07 was 7.6% 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 4.7% above 2005-06 levels.
  • Public sector net investment in September was £0.2bn higher (11.1%) than in the same month last year. Together, public sector net investment during the first half of 2006-07 has been £4.3bn higher (53.5%) than in the same months of 2005-06. The Budget predicted that net investment in 2006-07 would be 20.2% above last year's level.