Publication - Transparency data
Finance and Public Administration Committee: finance update and Spring Budget Revision 2022 to 2023 guide
Background information provided to the Finance and Public Administration Committee (FPAC) to help with members' scrutiny of the Spring Budget Revision 2022 to 2023.
Annex A - Fiscal Resource Funding Envelope Breakdown
| Fiscal Resource (£m) | Scottish Budget Bill | Confirmed additions (ABR) | Confirmed Changes (SBR) | Assumed Supps position | SBR Funding Position | Changes following SBR | Projected Funding |
|---|---|---|---|---|---|---|---|
| Barnett Funding | 34,322.1 | 447.1 | 125.0 | 34,894.2 | (19.5) | 34,874.1 | |
| Rail Resource Grant | 80.0 | 80.0 | 80.0 | ||||
| Ringfenced Funding (HMT) | 623.8 | 623.8 | 623.8 | ||||
| Total UK Settlement (A) | 35,025.9 | 447.1 | - | 125.0 | 35,598.0 | (19.5) | 35,578.5 |
| Social Security Block Grant Adjustment | 3,587.0 | 115.8 | 3,702.8 | 3,702.8 | |||
| Block Grant Adjustment for Taxes and Non-Tax Income | (14,639.0) | (73.9) | (14,712.9) | (14,712.9) | |||
| Scottish Income Tax | 13,671.0 | 13,671.0 | 13,671.0 | ||||
| Land and Buildings Transaction Tax | 749.0 | 100.8 | 849.8 | 849.8 | |||
| Scottish Landfill Tax | 101.0 | (0.4) | 100.6 | 100.6 | |||
| Non-Tax Income | 25.0 | 25.0 | 25.0 | ||||
| Net Tax/BGA/SS BGA Position (B) | 3,494.0 | - | 142.3 | - | 3,636.3 | - | 3,636.3 |
| Reconciliation | (15.0) | (15.0) | (15.0) | ||||
| Resource Borrowing | 15.0 | (15.0) | - | - | |||
| Borrowing Costs transferred from spending and revised | (160.0 ) | (160.0) | (160.0) | ||||
| Scotwind | 40.0 | 56.0 | 96.0 | 96.0 | |||
| Scotland Reserve | 120.0 | 301.0 | 184.0 | 605.0 | 605.0 | ||
| Migrant Surcharge | 92.0 | 70.6 | 162.6 | (3.0) | 159.6 | ||
| QLTR | 5.0 | 5.0 | 5.0 | ||||
| Other | 180.0 | (24.1) | 28.5 | 184.4 | 5.0 | 189.4 | |
| Spillover | 400.0 | (25.0) | 375.0 | 375.0 | |||
| Machinery of Government | 7.9 | 75.4 | 83.3 | 83.3 | |||
| Total Other Income (C) | 837.0 | 155.8 | 343.5 | - | 1,336.3 | 2.0 | 1,336.3 |
| Total Fiscal Resource Funding | 39,356.9 | 602.9 | 485.8 | 125.0 | 40,570.5 | (17.5 ) | 40,553.0 |
| Total Fiscal Resource Budgeted Spend | 39,356.9 | 713.0 | 536.3 | 125.0 | 40,731.2 | - | 40,731.2 |
| Borrowing Costs transferred to funding | (168.0) | (168.0 ) | - | (168.0) | |||
| Fiscal Resource Spend (adjusted) | 39,356.9 | 545.0 | 485.8 | 175.5 | 40,563.2 | - | 40,563.2 |
| Unallocated/(Over allocated) Funding | - | 57.9 | (50.5) | 7.3 | (17.5) | (10.2) |
£620 million Other Income Assumption in the Scottish Budget comprised as follows:
- Scotwind £40 million
- Spillover £400 million
- Other (expected consequentials) £180 million
- Scotland Reserve £0 million
The Scotland Reserve assumption was specifically increased to £120 million for fiscal Resource during Stage 2 amendments to fund the additional allocation to local government.
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