Public Finance Press Releases

Public finance bulletin: June 2009

Date: 18 June 2009
Authors:

Headline comparisons

  • Public sector current receipts in May were 10.8% lower than in the same month last year. Receipts in April and May 2009 were 11.2% lower than in the same months of 2008. The 2009 Budget implied that central government current receipts for the whole of 2009-10 would be 7.4% below 2008-09 levels.

  • Central government current spending in May was 7.4% higher than in the same month last year. Spending in April and May 2009 was 7.3% higher than in the same months of 2008. The 2009 Budget implied that central government current spending for the whole of 2009-10 would be 7.3% above 2008-09 levels.

  • Public sector net investment in May was £2.3bn compared to £1.7bn in the same month last year. Together, public sector net investment during April and May 2008 has been £4.0bn, which is 46% higher than in the same two months of 2008. The Budget predicted that net investment in 2009-10 would be £43.8bn, which is 21.0% above last year's level.