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Home Publications Public finance bulletin: February 2007

Public finance bulletin: February 2007

Carl Emmerson, Christine Frayne and Gemma Tetlow
Public finance press release

Headline Comparisons

  • Central government current receipts in January were 0.2% higher than in the same month last year. The December 2006 Pre-Budget Report forecast for 2006-07 implies an increase over last year's levels of 6.8% for the year as a whole and of 7.0% for the period from November 2006 to March 2007. The latest figures show an increase over last year's levels of 5.9% for the year to date and a 4.4% increase in November 2006 to January 2007 over the same three months last year.
  • Central government current spending in January was 6.1% higher than in the same month last year. The December 2006 Pre-Budget Report forecast for 2006-07 implies an increase over last year's levels of 4.9% for the year as a whole and of 2.4% for the period from November 2006 to March 2007. The latest figures show an increase over last year's levels of 6.0% for the year to date and a 4.3% increase in November 2006 to January 2006 over the same three months last year.
  • Public sector net investment in January was £0.9bn higher (31.0%) than in the same month last year. The December 2006 Pre-Budget Report forecast for 2006-07 implies an increase of 21.8% for the year as a whole and an increase of 24.3% for the period from November 2006 to March 2007. The latest figures show an increase over last year's levels of 15.8% for the year to date and a 10.4% increase in November 2006 to January 2007 over the same two months last year.