Public Finance Press Releases

Public finance bulletin: November 2009

Date: 19 November 2009
Authors:

Headline Comparisons

  • Central government current receipts in October were 9.1% lower than in the same month last year. Receipts in the first seven months of this financial year have been 10.0% 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 October was 10.2% higher than in the same month last year. Spending in the first seven months of this financial year has been 6.0% 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 October was £3.7bn compared to £2.3bn in the same month last year. Together, public sector net investment over the first seven months of this financial year has been £18.7bn, which is 61% higher than in the same months of 2008-09. The Budget predicted that net investment in 2009-10 would be £43.8bn, which is 24% above last year's level.