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<p>The Government's measure of total public infrastructure investment is public sector
gross investment (PSGI). The Office for Budget Responsibility (OBR) forecast at the
March 2014 Budget that this will be 3.0 per cent of gross domestic product (GDP) in
2014-15. Forecasts of government expenditure are generally made on a financial rather
than a calendar year basis and are presently only available out to 2018-19.The figures
to the end of the forecast period are as set out below:</p><p> </p><table><tbody><tr><td>
</td><td><p>2014-15</p></td><td><p>2015-16</p></td><td><p>2016-17</p></td><td><p>2017-18</p></td><td><p>2018-19</p></td></tr><tr><td><p>Public
sector gross investment as % of GDP</p></td><td><p>3.0</p></td><td><p>2.9</p></td><td><p>2.9</p></td><td><p>2.8</p></td><td><p>2.8</p></td></tr></tbody></table><p>
</p><p>PSGI measures the direct spending on infrastructure projects by the whole public
sector, unlike other measures such as net investment which are adjusted to exclude
certain elements of spending. Internationally comparable figures for PSGI are not
readily available. The UK's fiscal framework is based around the entire public sector,
many other countries only use a measure for general government that excludes public
corporations so these are often the only comparative measures available. The OBR forecasts
include some international comparisons of different investment measures. These can
be found at the link below:</p><p> </p><p> </p><p> </p><p> </p><p><a href="http://budgetresponsibility.org.uk/economic-fiscal-outlook-march-2014/"
target="_blank">http://budgetresponsibility.org.uk/economic-fiscal-outlook-march-2014/</a></p><p>
</p><p>Neither PSGI nor the OBR figures include private investment in infrastructure
which is an important element of overall infrastructure investment in the UK. The
published infrastructure pipeline, which covers economic infrastructure only, provides
an overview of planned public and private investment to 2020 and beyond, and can be
found at the link below:</p><p> </p><p> </p><p><a href="https://www.gov.uk/government/publications/national-infrastructure-plan-2013"
target="_blank">https://www.gov.uk/government/publications/national-infrastructure-plan-2013</a></p>
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