Fiscal framework outturn report: 2025
The Fiscal Framework Outturn Report 2025 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
91. The opening balance in the Scotland Reserve at the start of 2024-25 was £411.5 million. The closing balance on the Reserve for 2024-25 is £556.6 million, as detailed in Table 20.
| Resource | Capital | Financial Transaction | Total | |
|---|---|---|---|---|
| 2024-25 Opening Balance | 264.6 | 142.8 | 4.2 | 411.5 |
| 2024-25 Drawdowns | (264.6) | (142.8) | (4.2) | (411.5) |
| 2024-25 Additions to reserve | 500.7 | 30.9 | 25.0 | 556.6 |
| 2024-25 Closing Balance (Provisional) | 500.7 | 30.9 | 25.0 | 556.6 |
92. The Scottish Budget provisional outturn 2024-25[16] briefing indicated Scottish Government’s plans for the use of the Scotland Reserve. More detail will be provided in the upcoming Autumn Budget Revision
93. As part of the updated Fiscal Framework Review, the reserve drawdown limits of £250 million for resource and £100 million for capital have been abolished. The overall reserve limit of £700 million is now indexed to inflation, currently at £734 million for 2025-26.
Contact
Email: rory.mack@gov.scot