Public Finance Press Releases

Public finance bulletin: October 2010

Date: 20 October 2010
Authors:

Headline Comparisons

  • Central government current receipts, in September were 7.8% higher than in the same month last year. Receipts between April and September 2010 were 9.3% 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 6.7% higher than 2009−10 levels.

  • Central government current spending , in September was 10.0% higher than in the same month last year. Spending between April and September 2010 was 6.7% 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 5.6% above 2009−10 levels.

  • Public sector net investment in September was £3.0bn compared to £3.7bn in the same month last year. Together, public sector net investment between April and September 2010 has been £15.4bn, which is 2.0% higher than in the same five months of 2009. The June Budget predicted that net investment in 2010−11 would be £38.9bn, which is 14% below last year's level.