Public Finance Press Releases

Public finance bulletin: July 2009

Date: 21 July 2009
Authors:

Headline comparisons

  • Public sector current receipts in June were 5.7% lower than in the same month last year. Receipts between April and June 2009 were 9.4% 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 June was 2.8% higher than in the same month last year. Spending between April and June 2009 was 5.5% 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 June was £3.1bn compared to £1.7bn in the same month last year. Together, public sector net investment between April and June 2009 has been £7.1bn, which is 59% higher than in the same three 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.