1. Overview of the public finances and spending
CIPFA Public Service Finance Leaders Retreat
Julian Kelly
14 April
OFFICIAL

2. Public sector receipts and total expenditure
Forecast
OFFICIAL

3. Economic forecast Economic growth forecasts (annual percentage change)
2014
2015
2016
2017
2018
2019
Budget 2016
2.9
2.2
2.0
2.1
Autumn Statement 2015
2.4
2.5
2.3
Summer Budget 2015
3.0
June Budget 2010
2.7 -
Source: OBR
OFFICIAL
RESTRICTED

4. And economic uncertainty remains
Real GDP growth fan chart
Source: Economic and Fiscal Outlook, OBR, March 2016
OFFICIAL
RESTRICTED

5. Debt falling
Path for public sector net debt under different policy assumptions (assuming no future shocks)
Source: Budget 2015
OFFICIAL