Public Finance Press Releases

Public finance bulletin: October 2007

Date: 18 October 2007
Authors:

Headline Comparisons

  • Central government current receipts in September were 4.6% higher than in the same month last year. Last week's Pre-Budget Report forecast for 2007-08 implies an increase over last year's levels of 6.1% for the year as a whole and of 6.8% for the period from September 2007 to March 2008. The latest figures show an increase over last year's levels of 4.9 % for the year to date.
  • Central government current spending in September was 5.4% higher than in the same month last year. Last week's Pre-Budget Report forecast for 2007-08 implies an increase over last year's levels of 6.1% for the year as a whole and of 6.8% for the period from September 2007 to March 2008. The latest figures show an increase over last year's levels of 6.3% for the year to date.
  • Public sector net investment in September was £1.2bn, or 68%, higher than in the same month last year. Last week's Pre-Budget Report forecast for 2007-08 implies an increase of 13.1% for the year as a whole and an increase of 19.5% for the period from September 2007 to March 2008. Together, public sector net investment during the first six months of 2007-08 has been £10.3bn, which is 10.8% higher than in the same months of 2006-07.