Thursday, July 21, 2016

PESA 2016 Update

On July 21, 2016, HM Treasury published its Public Expenditure Statistical Analyses (PESA) for 2016. ukpublicspending.co.uk uses the PESA tables of public spending at the "sub-function" level as its major data source for UK public spending.

ukpublicspending.co.uk has now updated its spending tables using data from PESA 2016. The update includes outturn spending data for 2015-16, and plans data for 2016-17 through 2019-20. ukpublicspending.co.uk uses PESA's Table 6.4 for Central Government expenditure, Table 7.4 for Local Authority expenditure, and Table 8.3 for Public Corporation capital expenditure.

Since HM Treasury does not provide plans estimates for Local Authority spending, ukpublicspending.co.uk provides "guesstimates" instead. This is done by extending the percentage increase in spending between 2014-15 and 2015-16 for each sub-function for the plans year. It is assumed that local authority spending reductions will not carry through to plans years.

Country and Region spending has been updated up to 2014-15. These are obtained from Chapters 9 and 10 in the PESA document.

Saturday, April 23, 2016

UK GDP and Public Debt Update for 2016

On April 23, 2016 ukpublicspending.co.uk updated UK GDP and public debt outturn and forecasts released with the HM Treasury Budget in March 2015.

Recent and forecast GDP comes from the UK Office of Budget Responsibility's Economic and fiscal outlook report, using tables 1.1 and 1.2 in a spreadsheet file labeled "Economic and fiscal outlook supplementary economy tables". UK GDP previous to 2010 comes from Measuring Worth. The data goes back to 1692.

Public sector net debt, outturn and forecast, comes from a spreadsheet called "Aggregates (£bn)" in the Public Finances Databank at the Office of Budget Responsibility.

UK Public Revenue 2016 Update

On March 16, 2016 The Office of Budget Responsibility published its forecast for UK government revenue and current budget deficit. On April 21 the Office for National Statistics (ONS) published its annual Public Sector Finances report. On April 23, 2016 we updated ukpublicrevenue.co.uk with the new public finance data.

Revenue forecast data comes from the Office of Budget Responsibility's March 2016 Economic and fiscal outlook report, using table "2.8 Current receipts" in a spreadsheet file labeled "Economic and fiscal outlook supplementary fiscal tables - March 2016". Forecast revenue data extends from 2015-16 to 2017-18.

Current budget deficit forecast data comes from the Office of Budget Responsibility's March 2016 Economic and fiscal outlook report, using table "2.44 Components of Net Borrowing" in a spreadsheet file labeled "Economic and fiscal outlook supplementary fiscal tables - March 2016". Forecast revenue data extends from 2015-16 to 2017-18.

Revenue outturn data comes from the Office for National Statistics' March 2016 Public Sector Finances report using a spreadsheet file labeled "Public Sector Finances Supplementary Tables". Outturn revenue data now extends from 1692 to 2015-16.