20 August 2001, 12:46  UK July public finances-OVERVIEW

--UK July PSNCR surplus 9.282 bln stlg
--UK July PSNCR surplus bigger than market forecasts
--UK July PSNB measure surplus 3.411 bln stlg
--Cumulative Apr-July UK PSNCR surplus 2.914 bln stlg
--UK July central-government surplus 9.779 bln stlg
--Cumulative Apr-Jul UK PSNB deficit 1.700 bln stlg
--UK July total govt receipts total 35.411 billion stlg
--UK July net departmental outlays 24.977 bn
--UK Apr-July net departmental outlays up 10.3% vs Apr-July 2000

London, August 20 (BridgeNews) - The government recorded an unexpectedly impressive net cash repayment of 9.282 billion sterling in July, well above the 7.637 billion sterling surplus in 2000 and forecasts of around 6.5 billion sterling. There were healthy receipts of income tax and corporation tax, which outstripped a big but unremarkable increase in spending. There were a boost of around 700 million sterling from the privatization of air traffic control services.
The cumulative net cash requirement for the year now stands at a surplus of 2.914 billion sterling, well short of last year's surplus of 19.462 billion sterling. Last year's figure, however, was enormously inflated by the sale of mobile phone licenses.
Total government receipts were 8.8% higher than the same month last year, but the cumulative total for the year is now 6.8% lower than in the same period last year.
On the spending side, the government appeared to be continuing to push through its planned increases. Net department outlays rose 7.6% on the same month last year and are now cumulatively 10.3% higher than last year.

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