Friday, July 21, 2017

PESA 2017 Update

On July 20, 2017, HM Treasury published its Public Expenditure Statistical Analyses (PESA) for 2017. 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 2017. The update includes outturn spending data for 2016-17, and plans data for 2017-18 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 2015-16 and 2016-17 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 2015-16. These are obtained from Chapters 9 and 10 in the PESA document.

Tuesday, April 25, 2017

UK Public Revenue Outturn -- March 2017

On April 25 the Office for National Statistics (ONS) published its annual Public Sector Finances report. On April 25, 2017 we updated ukpublicrevenue.co.uk with the new public finance data.

Revenue outturn data comes from the Office for National Statistics' March 2017 Public Sector Finances report using a spreadsheet file labeled "Public Sector Finances Supplementary Tables". Outturn revenue data now extends from 1692 to 2016-17.

Monday, March 27, 2017

UK Revenue and Deficit Forecast -- March 2017

On March 27, 2017 we updated UK revenue forecast data for 2016-17 to 2021-22 from the Office of Budget Responsibility's March 2017 Economic and fiscal outlook report Table 4.6 Current Receipts in a spreadsheet file labeled "March 2017 Economic and fiscal outlook – charts and tables: fiscal".

On March 27, 2017 we updated UK deficit forecast data for 2016-17 to 2021-22 from the Office of Budget Responsibility's March 2017 Economic and fiscal outlook report Table 2.45 Components of Net Borrowing in a spreadsheet file labeled "March 2017 Economic and fiscal outlook – supplementary fiscal tables: receipts and other".  

UK GDP and Public Debt Update for 2017

On March 27, 2017 ukpublicspending.co.uk updated UK GDP and public debt outturn and forecasts released with the Office of Budget Responsibility in March 2017.

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.