Public finance bulletin: July 2010

<p><p><h4>Headline Comparisons</h4><ul><li><b>Central government current receipts</b>, in June were 4.0% higher than in the same month last year. Receipts between April and June 2010 were 7.8% higher than in the same months of 2009. The June 2010 Budget implied that central government current receipts for the whole of 2010&#8722;11 would be 6.5% higher than 2009&#8722;10 levels. <p> <li><b>Central government current spending </b>, in June was 4.6% higher than in the same month last year. Spending between April and June 2010 was 5.6% higher than in the same months of 2009. The June 2010 Budget implied that central government current spending for the whole of 2010&#8722;11 would be 5.5% above 2009&#8722;10 levels. <p><li><b> Public sector net investment </b> in June was £1.9bn compared to £2.8bn in the same month last year. Together, public sector net investment between April and June 2009 has been £5.7bn, which is 3.6% lower than in the same three months of 2009. The June Budget predicted that net investment in 2010&#8722;11 would be £38.9bn, which is 12.6% below last year's level.</li></ul></p></p>