Publication - Corporate report

Autumn Budget Revision 2023 to 2024: supporting document

Published: 28 September 2023
From: Chief Financial Officer
Directorate: Financial Management Directorate, +1 more … Budget and Public Spending Directorate
Part of: Money and tax, Scottish Budget
ISBN: 9781835214084

Supporting document to the Budget (Scotland) Act 2023 Amendment Regulations 2023. Provides details of Level 2 and 3 budgets.

Scottish Teachers' and NHS Pension Schemes

	Operating £m	Capital £m	Total £m
Total Budget in the Budget Act	6,921.001	0.000	6,921.001
Changes Proposed
Funding Changes	0.000	0.000	0.000
Technical Adjustments	0.000	0.000	0.000
Net Whitehall Transfers	0.000	0.000	0.000
Net Transfers within Scottish Block	0.000	0.000	0.000
Total changes proposed	0.000	0.000	0.000
	6,921.001	0.000	6,921.001

Proposed Budget following Autumn Budget Revision
	Operating £m	Capital £m	Total £m
Expenditure Limit:	0.000	0.000	0.000
Total Expenditure Limit	0.000	0.000	0.000
UK Funded AME:
NHS Pensions	4,640.537	0.000	4,640.537
Teachers' Pensions	2,280.464	0.000	2,280.464
Total UK Funded AME	6,921.001	0.000	6,921.001
Other Expenditure:
Total Other Expenditure	0.000	0.000	0.000
Total Budget	6,921.001	0.000	6,921.001
Total Limit on Income (accruing resources)			3,100.0

Proposed Budget following Autumn Budget Revision
	Operating £m	Capital £m	Total £m
Gross Expenditure	6,679.904	0.000	6,679.904
Less: Retained Income	-2,039.367	0.000	-2,039.367
Capital Receipts Applied	0.000	0.000	0.000
	4,640.537	0.000	4,640.537
Budget Analysis
NHS Pension Scheme Expenditure	6,679.904	0.000	6,679.904
Retained Income from employee and employer contributions and transfers received (NHS)	-2,039.367	0.000	-2,039.367
Net Expenditure	4,640.537	0.000	4,640.537

Proposed Changes
	Operating £m	Capital £m	Total £m
Original Budget	2,280.464	0.000	2,280.464
Proposed changes	0.000	0.000	0.000
ABR Proposed Budget	2,280.464	0.000	2,280.464
Summary of proposed changes
Revised estimate of current service costs	0.000	0.000	0.000
	0.000	0.000	0.000

Proposed Budget following Autumn Budget Revision
	Operating £m	Capital £m	Total £m
Gross Expenditure	2,998.700	0.000	2,998.700
Less: Retained Income	-996.500	0.000	-996.500
Capital Receipts Applied	0.000	0.000	0.000
	2,002.200	0.000	2,002.200
Budget Analysis
Teachers' Pension Scheme Expenditure	3,289.041	0.000	3,289.041
Teachers' Retained Income from employee and employer contributions and transfers received	-1,008.577	0.000	-1,008.577
Net Expenditure	2,280.464	0.000	2,280.464

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