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.

Table 20: Scotland Reserve Forecast as at 2021-22 Provisional Outturn (£ million)
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.



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