Public Finance Press Releases

Public finance bulletin: November 2010

Date: 18 November 2010
Authors:

Headline Comparisons

  • Central government current receipts, in October were 6.8% higher than in the same month last year. Receipts between April and October 2010 were 9.2% 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 October was 5.4% higher than in the same month last year. Spending between April and October 2010 was 6.3% 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 October was £3.2bn, the same as was spent in October last. Public sector net investment between April and October 2010 has been £17.8bn, which is 2.9% lower than in the same seven months of 2009. The June Budget predicted that net investment in 2010−11 would be £38.9bn, which is 13.6% below last year's level.