Public Finance Press Releases

Public finance bulletin: November 2006

Date: 20 November 2006
Authors:

Headline Comparisons

  • Central government current receipts in October were 7.5% higher than in the same month last year. Receipts in the first seven months of 2006-07 were 6.5% 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 October was 5.8% higher than in the same month last year. Spending in the first seven months of 2006-07 was 7.1% 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 4.6% above 2005-06 levels.

  • Public sector net investment in October was £0.5bn higher (28.9%) than in the same month last year. Together, public sector net investment during the first seven months of 2006-07 has been £5.1bn higher (55.5%) than in the same months of 2005-06. The Budget predicted that net investment in 2006-07 would be 28.4% above last year's level.