Fiscal framework outturn report: 2026
The Fiscal Framework Outturn Report 2026 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 2027-28
68. Table 16 below gives the total provisional reconciliation requirement for the Scottish Budget 2027-28. It shows that the net impact of the reconciliation for Income Tax from 2024-25, and for the BGA reconciliations for the fully devolved taxes and Social Security expenditure for 2025-26 is negative £761.9 million.
69. When the deferred reconciliation for delayed 2024-25 social security outturn from the last Scottish Budget is included, this increases the reconciliation to negative £772.4 million.
Table 16: Total Provisional Reconciliation Requirements for the 2027-28 Budget (£ million)
| Income Tax 2024-25 Of which: | Final Outturn | - | -720.5 |
|---|---|---|---|
| Final revenue reconciliation | Final Outturn | -208.9 | - |
| Final BGA reconciliation | Final Outturn | -511.6 | - |
| LBTT 2025-26 final BGA reconciliation | Final Outturn | - | -11.7 |
| SLfT 2025-26 final BGA reconciliation | Final Outturn | - | -15.7 |
| Social Security 2025-26 provisional BGA reconciliation | Provisional Outturn | - | -14.1 |
| Reconciliation Requirement | - | - | -761.9 |
| Deferral for impact of final 2024-25 social security outturn | - | - | -10.5 |
| Total Reconciliation Requirement | - | - | -772.4 |
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