<p><h3>Headline comparisons</h3><ul> </p><p><li><em class="bold">Central government current receipts</em> are 1.0% up on </p><p> the first 7 months of last year. The Budget 2002 forecast for 2002.03 </p><p> implies an increase of 4.1% for the year as a whole. </p><p> </p><p><li><em class="bold">Central government current spending</em> is 7.0% up on </p><p> the first 7 months of last year. The Budget 2002 forecast for 2002.03 </p><p> implies an increase of 5.8% for the year as a whole. </p><p> </p><p><li><em class="bold">Public sector next investment</em> is 21.6% up on the </p><p> first 7 months of last year. The Budget 2002 forecast for 2002.03 implies </p><p> an increase of 63.1% for the year as a whole. </ul></p>
Authors
Deputy Director
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
European Commission (formerly IFS staff)
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