<p><h3>Headline comparisons</h3><ul> </p><p><li><em class="bold">Central government current receipts</em> are 1.2% up on </p><p> the first 8 months of last year. The November 2002 Pre-Budget Report (PBR) </p><p> forecast for 2002-03 implies an increase of 2.2% for the year as a whole. </p><p> </p><p><li><em class="bold">Central government current spending</em> is 7.6% up on </p><p> the first 8 months of last year. The PBR forecast for 2002-03 implies an </p><p> increase of 6.0% for the year as a whole. </p><p> </p><p><li><em class="bold">Public sector next investment</em> is 16.5% up on the </p><p> first 8 months of last year. The PBR forecast for 2002-03 implies an </p><p> increase of 62.0% for the year as a whole. </ul></p>
Authors
Carl Emmerson
Carl, a Deputy Director, is an editor of the IFS Green Budget, is expert on the UK pension system and sits on the Social Security Advisory Committee.
Robert Chote
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