Fiscal framework outturn report: 2022
The Fiscal Framework Outturn Report 2022 publishes outturn and reconciliation information for Scottish Income Tax, Scottish Landfill Tax, Land and Buildings Transaction Tax and devolved Social Security benefits, as well as updates on borrowing and the Scotland Reserve.
10. Scotland Reserve
81. The opening balance in the Scotland Reserve at the start of 2021-22 was £608 million. The closing balance on the Reserve for 2021-22 was £650 million, as reported to Parliament at Provisional Outturn in June 2022 and as detailed in Table 20.
| Resource | Capital | Financial Transaction | Total | ||
|---|---|---|---|---|---|
| 2021-22 Opening Balance | 404.7 | 6.8 | 196.9 | 608.4 | |
| 2021-22 Planned Drawdowns | 404.7 | 6.8 | 196.9 | 608.4 | |
| 2021-22 Additions to reserve | 421.0 | 183.0 | 46.0 | 650.0 | |
| 2021-22 Closing Balance (Provisional) | 421.0 | 183.0 | 46.0 | 650.0 | |
82. Chapter 5 of Scotland’s Fiscal Outlook: The Scottish Government’s Medium-Term Financial Strategy from May 2022 sets out the principles and policies that guide the use of the Scottish Government’s fiscal powers, including the use of the Scotland Reserve.
Contact
Email: rebecca.mcewan@gov.scot
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