Public Finance Press Releases

Public finance bulletin: August 2009

Date: 20 August 2009
Authors:

Headline comparisons

  • Central government current receipts in July were 15.3% lower than in the same month last year. Receipts between April and July 2009 were 11.9% 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 7.5% below 2008-09 levels.

  • Central government current spending in July was 7.5% higher than in the same month last year. Spending between April and July 2009 was 6.2% 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 7.4% above 2008-09 levels.

  • Public sector net investment in July was £2.9bn compared to £2.6bn in the same month last year. Together, public sector net investment between April and July 2009 has been £9.7bn, which is 39% higher than in the same three months of 2008. The Budget predicted that net investment in 2009-10 would be £43.8bn, which is 14.5% above last year's level.