Public Finance Press Releases

Public finance bulletin: October 2009

Date: 20 October 2009
Authors:

Headline Comparisons

  • Central government current receipts in September were 6.3% lower than in the same month last year. Receipts in the first half of this financial year have been 10.3% lower than in the same months of 2008-09. The 2009 Budget implied that central government current receipts for the whole of 2009-10 would be 7.8% below 2008-09 levels.

  • Central government current spending in September was 4.9% higher than in the same month last year. Spending in the first half of this financial year has been 4.7% higher than in the same months of 2008-09. The 2009 Budget implied that central government current spending for the whole of 2009-10 would be 7.5% above 2008-09 levels.

  • Public sector net investment in September was £3.5bn compared to £1.2bn in the same month last year. Together, public sector net investment over the first half of this financial year has been £15.8bn, which is 67% higher than in the same months of 2008-09. The Budget predicted that net investment in 2009-10 would be £43.8bn, which is 23% above last year's level.