Public Finance Press Releases

Public finance bulletin: August 2007

Date: 20 August 2007
Authors:

Headline Comparisons

  • Central government current receipts in July were 5.5% higher than in the same month last year. Receipts in the first four months of 2007-08 were 5.7% higher than in the same months of 2006-07. The 2007 Budget implied that central government current receipts for the whole of 2007-08 would be 6.8% above 2006-07 levels.

  • Central government current spending in July was 6.4% higher than in the same month last year. Spending in the first four months of 2007-08 was also 6.4% higher than in the same months of 2006-07. The 2007 Budget implied that central government current spending for the whole of 2007-08 would be 6.0% above 2006-07 levels.

  • Public sector net investment in July was £0.5bn, or 29.5%, higher than in the same month last year. Public sector net investment has totalled £5.6bn during the first four months of 2007-08, down 8.6% on the same months of 2006-07. The Budget predicted that net investment in 2007-08 would be £29.4bn, which is 14.7% above last year's level.