Public Finance Press Releases

Public finance bulletin: September 2007

Date: 24 September 2007
Authors:

Headline Comparisons

  • Central government current receipts in August were 3.6% higher than in the same month last year. Receipts in the first five months of 2007-08 were 5.1% 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 6.7% above 2006-07 levels.
  • Central government current spending in August was 7.4% higher than in the same month last year. Spending in the first five months of 2007-08 was 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 6.1% above 2006-07 levels.
  • Public sector net investment in August was £0.8bn, or 67%, higher than in the same month last year. Together, public sector net investment during the first five months of 2007-08 has been £7.5bn, which is 0.5% higher than in the same months of 2006-07. The Budget predicted that net investment in 2007-08 would be £29.4bn, which is 11.8% above last year's level.