Public Finance Press Releases

Public finance bulletin: July 2010

Date: 20 July 2010
Authors:

Headline Comparisons

  • Central government current receipts, 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 2010−11 would be 6.5% higher than 2009−10 levels.

  • Central government current spending , 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 2010−11 would be 5.5% above 2009−10 levels.

  • Public sector net investment 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 2010−11 would be £38.9bn, which is 12.6% below last year's level.