We are testing a new beta website for gov.scot go to new site

wrapper

Government Expenditure & Revenue Scotland 2014-15

Government Expenditure & Revenue Scotland 2014-15

Wednesday, March 9, 2016

ISBN: 9781786520296

Government Expenditure and Revenue Scotland (GERS) is a National Statistics publication. It estimates the contribution of revenue raised in Scotland toward the goods and services provided for the benefit of Scotland. The estimates in this publication are consistent with the UK Public Sector Finances published in January 2016.

Executive Summary

Total Public Sector Revenue 2014-15

Scottish onshore revenue was estimated as £51.6 billion (8.0 per cent of UK onshore revenue). This represents £9,600 per person, £400 less than the UK average;

Including an illustrative geographic share of North Sea revenue, total public sector revenue is estimated at £53.4 billion (8.2 per cent of UK public sector revenue). This represents £10,000 per person, slightly below the UK average, although not notable when rounded to the nearest £100.

Total Public Sector Expenditure 2014-15

Total expenditure for the benefit of Scotland by the Scottish Government, UK Government, and all other parts of the public sector was £68.4 billion (9.3 per cent of total UK public sector expenditure). This represents £12,800 per person, £1,400 more than the UK average.

Current Budget Balance 2014-15

This is the difference between current revenue and current expenditure (i.e. excluding capital investment). The current budget balance:

Excluding North Sea revenue, was a deficit of £13.7 billion (9.8 per cent of GDP).

Including an illustrative geographic share of North Sea revenue, was a deficit of £11.9 billion (7.8 per cent of GDP).

For the UK, was a deficit of £59.8 billion (3.3 per cent of GDP)

Net Fiscal Balance 2014-15

This is the difference between current revenue and total public sector expenditure including capital investment. The net fiscal balance:

Excluding North Sea revenue, was a deficit of £16.7 billion (11.9 per cent of GDP).

Including an illustrative geographic share of North Sea revenue, was a deficit of £14.9 billion (9.7 per cent of GDP).

For the UK, was a deficit of £89.1 billion (4.9 per cent of GDP).