Public Finance Press Releases

Public finance bulletin: August 2010

Date: 19 August 2010
Authors:

Headline Comparisons

  • Central government current receipts, in July were 10.5% higher than in the same month last year. Receipts between April and July 2010 were 8.5% 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 July was 5.8% higher than in the same month last year. Spending between April and July 2010 was 6.0% 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 July was £3.3bn compared to £2.3bn in the same month last year. Together, public sector net investment between April and July 2010 has been £8.6bn, which is 5.8% lower than in the same four months of 2009. The June Budget predicted that net investment in 2010−11 would be £38.9bn, which is 13% below last year's level.