Public Finance Press Releases

Public finance bulletin: September 2009

Date: 18 September 2009
Authors:

Headline Comparisons

  • Central government current receipts in August were 9.2% lower than in the same month last year. Receipts between April and August 2009 were 11.4% 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 7.6% below 2008-09 levels.

  • Central government current spending in August was 3.0% higher than in the same month last year. Spending between April and August 2009 was 5.3% 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 7.4% above 2008-09 levels.

  • Public sector net investment in August was £3.3bn compared to £2.1bn in the same month last year. Together, public sector net investment between April and August 2009 has been £12.4bn, which is 37% higher than in the same three months of 2008. The Budget predicted that net investment in 2009-10 would be £43.8bn, which is 16% above last year's level.