Outlook for the public finances in the new parliament Isabel Stockton ▪ 10 October 2024 ▪ IFS Green Budget Outlook for the public finances in @TheIFS the new parliament A bigger state: here to stay? 55 50 Total government spending 45 40 Revenues 35 30 Outlook for the public finances Per cent of national income 2000–01 2001–02 2002–03 2003–04 2004–05 2005–06 2006–07 2007–08 2008–09 2009–10 2010–11. [...] in baseline economic scenario, avoid cuts as a share of GDP → £25 billion total tax rise for current budget balance in 2028–29 Outlook for the public finances The Institute for Fiscal Studies 7 Ridgmount Street London WC1E 7AE www.ifs.org.uk Slide 1: Outlook for the public finances in the new parliament Slide 2: A bigger state: here to stay? Slide 3: Alternative balance sheet measures Slide 4: The.
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Table of Contents
- Slide 1: Outlook for the public finances in the new parliament 1
- Slide 2: A bigger state: here to stay? 2
- Slide 3: Alternative balance sheet measures 3
- Slide 4: The current budget under Citi’s economic forecast 4
- Slide 5: Spending scenarios for public services 5
- Slide 6: Spending scenarios for public services 6
- Slide 7: Spending scenarios for public services 7
- Slide 8: Known unknowns 8
- Slide 9: Conclusions 9
- Slide 10 10