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UK Budget 2011 Expenditure Forecasts

This document presents forecasts from the Office for Budget Responsibility (OBR) for total managed public sector expenditure in the UK from 2009-2010 to 2015-2016. It includes breakdowns of forecasted expenditures on items such as social security benefits, tax credits, public sector pensions, debt interest, and depreciation. The total managed expenditure is forecasted to increase each year from £669.7 billion in 2009-2010 to £763.8 billion in 2015-2016.

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19 views1 page

UK Budget 2011 Expenditure Forecasts

This document presents forecasts from the Office for Budget Responsibility (OBR) for total managed public sector expenditure in the UK from 2009-2010 to 2015-2016. It includes breakdowns of forecasted expenditures on items such as social security benefits, tax credits, public sector pensions, debt interest, and depreciation. The total managed expenditure is forecasted to increase each year from £669.7 billion in 2009-2010 to £763.8 billion in 2015-2016.

Uploaded by

Connor Stuart
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Table C.

4: Total managed expenditure: OBR forecast


billion
Outturn
2009-10

2010-11 2011-12

Forecast
2012-13 2013-14

2014-15 2015-16

Public sector current expenditure (PSCE)


PSCE in RDEL1

319.8

327.2

327.6

328.9

331.9

330.9

335.4

PSCE in Annually Managed Expenditure

281.1

305.6

329.1

340.7

350.4

363.6

378.0

162.8

169.0

174.3

179.4

178.8

183.2

189.3

24.3

25.2

26.9

28.4

28.8

28.9

29.6

4.7

5.8

7.0

7.8

8.0

8.7

9.7

3.7

4.6

5.7

6.4

6.5

7.2

8.1

of which:
Social security benefits 2, 3
Tax credits 2, 3
Net public service pension payments 3
of which: CG unfunded pension schemes
LG police and fire pension schemes

1.1

1.2

1.3

1.4

1.5

1.5

1.6

National lottery current grants 3

0.8

0.9

0.9

0.8

0.9

0.9

0.9

BBC domestic services current expenditure

3.5

3.4

3.6

3.5

3.7

3.5

3.5

Fees associated with financial interventions

-2.5

-2.5

-1.7

-0.4

0.0

0.0

0.0

1.0

0.4

0.7

1.1

1.0

0.9

0.9

Other PSCE items in departmental AME 3


Expenditure transfers to EU institutions 3
Locally-financed current expenditure 3

4.9

6.6

7.3

6.8

7.5

8.1

7.3

25.0

24.2

26.6

28.3

29.7

30.9

31.9

Central government gross debt interest

30.9

43.1

48.6

50.9

56.6

62.4

66.8

Depreciation

14.3

15.2

16.1

16.9

17.6

18.4

19.1

9.4

11.0

12.9

13.0

12.9

12.9

13.2

Current VAT refunds


Single use military expenditure

5.3

5.4

6.4

5.8

5.7

5.2

5.2

Environmental levies

0.5

0.6

1.1

1.5

2.1

2.7

3.5

Other National Accounts adjustments 3

-3.8

-2.6

-1.8

-3.1

-2.9

-3.0

-2.9

600.9

632.8

656.7

669.6

682.4

694.6

713.4

PSGI in CDEL1

49.9

43.8

37.9

36.5

33.2

34.7

37.1

PSGI in Annually Managed Expenditure

18.9

17.7

15.8

14.2

14.6

14.4

13.3

National lottery capital grants 3

0.5

0.5

0.5

0.5

0.5

0.5

0.5

Central government grants to public sector banks

4.5

0.0

0.0

0.0

0.0

0.0

0.0

Other PSGI items in departmental AME 3

0.5

0.5

-7.3

0.1

0.3

0.3

0.3

Locally-financed capital expenditure

6.4

6.7

13.2

5.3

4.9

4.5

3.8

8.7
-1.7

9.5
0.5

9.2
0.1

9.2
-0.9

9.2
-0.5

9.6
-0.5

9.2
-0.6

Total public sector gross investment

68.9

61.6

53.7

50.7

47.7

49.1

50.4

Less depreciation

-19.3

-20.5

-21.9

-22.9

-23.9

-24.9

-25.9

Public sector net investment

49.5

41.1

31.8

27.8

23.8

24.2

24.5

Total managed expenditure4

669.7

694.4

710.4

720.2

730.1

743.6

763.8

Total public sector current expenditure


Public sector gross investment (PSGI)

of which:

Public corporations capital expenditure 3


Other National Accounts adjustments 3

Implied DEL numbers for 2015-16. Calculated as the difference between Resource AME and PSCE in the case of Resource DEL, and between Capital AME and PSGI in the case of
capital DEL.
2

For 2009-10 to 2011-12, child allowances in income support and jobseeker's allowance have been included in tax credits and excluded from social security benefits.

The definition of these AME rows has changed since the OBR's November Outlook. Full details of the changes are shown in the supplementary fiscal tables on the OBR website.

TME is equal to the sum of PSCE, PSNI and public sector depreciation, on a basis which excludes temporary effects of financial interventions.

Budget 2011

93

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