Public Finance Press Releases

Public finance bulletin: August 2008

Date: 20 August 2008
Authors:

Headline comparisons

  • Central government current receipts in July were 2.7% higher than in the same month last year. Receipts in the first four months of 2008-09 were 2.9% higher than in the same months of 2007. The 2008 Budget implied that central government current receipts for the whole of 2008-09 would be 4.8% above 2007-08 levels.

  • Central government current spending in July was 6.9% higher than in the same month last year. Spending in the first four months of 2008-09 was 7.0% higher than in the same months of 2007. The 2008 Budget implied that central government current spending for the whole of 2008-09 would be 5.3% above 2007-08 levels.

  • Public sector net investment in July was £1.8bn, compared to £2.1bn in the same month last year. Together, public sector net investment during the first four months of 2008-09 has been £5.8bn, which is 33.0% higher than in the same months of 2007. The Budget predicted that net investment in 2008-09 would be £33.8bn, which is 20.6% above last year's level.