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Scotland’s public spending deficit has seen an increase, as revenue from North Sea oil and gas has dropped for the second consecutive year, according to official figures. The latest Government Expenditure and Revenue Scotland (Gers) report analyzes taxes collected from individuals and businesses in Scotland, as well as government spending both for and on behalf of Scotland. The deficit for the 2024-25 period was recorded at £26.5bn, up from £21.4bn in the previous financial year.
In terms of public services and benefits, Scotland spent £21,192 per person last year, nearly £2,700 more than the UK average of £18,523. The total spending by Scottish, Westminster, and local governments in Scotland, along with shared expenditures such as defense and debt, amounted to £117.6bn. On the revenue side, all funds raised from Scots added up to £91.4bn, reflecting a decrease in tax revenue from oil and gas production.
If Scotland were to have separate public finances, the deficit would be 11.7% in relation to the economy’s overall output, while the UK’s equivalent figure stands at 5.1%. Finance Secretary Shona Robison highlighted the growth in devolved revenues outpacing expenditure for the fourth consecutive year, leading to better public finances compared to other UK regions. Scottish Secretary Ian Murray pointed out that Scots benefit from higher public spending than the UK average, emphasizing the importance of wise investments in areas such as education and healthcare to ensure positive outcomes.
Gers, a National Statistics publication, is compiled by Scottish government officials independently of ministers. It provides estimates of revenue generated from taxes in Scotland by both Scottish and UK governments, as well as the expenditure incurred in and for Scotland. The report encompasses various spending categories, including reserved and devolved expenditures, along with shared costs like those associated with the armed forces and UK embassies. The net fiscal balance, commonly known as the deficit, represents the disparity between revenue and spending
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