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.
8. Reconciliation Requirement for the Scottish Budget 2026-27
77. Table 17 below gives the total provisional reconciliation requirement for the Scottish Budget 2026-27. It shows that the net impact of the reconciliation for Income Tax from 2023-24, and for the BGA reconciliations for the fully devolved taxes and Social Security benefits expenditure for 2024-25 is positive £361.5 million.
78. As noted in paragraphs 13 and 14, the positive £361.5 million reconciliation does not include the deferred reconciliation for delayed 2023-24 social security outturn from the last Scottish Budget, which deducts £7.2 million from the reconciliation.
| Income Tax 2023-24 | Final Outturn | +405.7 | |
|---|---|---|---|
| Of which: | |||
| Final revenue reconciliation | Final Outturn | +1,282.6 | |
| Final BGA reconciliation | Final Outturn | -877.0 | |
| LBTT 2024-25 final BGA reconciliation | Final Outturn | -50.9 | |
| SLfT 2024-25 final BGA reconciliation | Final Outturn | +1.5 | |
| Social Security 2024-25 final BGA reconciliation | Provisional Outturn | +5.3 | |
| Total Reconciliation Requirement | +361.5 | ||
Note: Figures may not sum due to rounding. For more detail on the individual entries see tables in sections 1, 2, 3, 4 and 5.
Contact
Email: rory.mack@gov.scot