Public Finance Press Releases

Public finance bulletin: March 2008

Date: 20 March 2008
Authors:

Headline Comparisons

  • Central government current receipts in February were 2.5% higher than in the same month last year. Receipts in the first eleven months of 2007-08 were 5.4% higher than in the same months of 2006-07. The 2008 Budget, published last week, implied that central government current receipts for the whole of 2007-08 would be 5.8% above 2006-07 levels.
  • Central government current spending in February was 6.9% higher than in the same month last year. Spending in the first eleven months of 2007-08 was 6.4% higher than in the same months of 2006-07. The 2008 Budget implied that central government current spending for the whole of 2007-08 would be 6.2% above 2006-07 levels.
  • Public sector net investment in February was £1.6bn, or 50%, higher than in the same month last year. Together, public sector net investment during the first eleven months of 2007-08 has been £22.1bn, which is 10.5% higher than in the same months of 2006-07. The Budget predicted that net investment in 2007-08 would be £28.5bn, which is 10.6% above last year's level.