Government expenditure & revenue Scotland 2024-25

Footnotes

1 How and why has the Scottish Government’s funding changed in recent years? | Institute for Fiscal Studies (ifs.org.uk)

2 UK House Price Index - Office for National Statistics (ons.gov.uk)

3 Statistics on Government Expenditure and Revenue Scotland – Office for Statistics Regulation (statisticsauthority.gov.uk)

4 Scottish Budget - provisional outturn 2024-2025: briefing note - 24 June 2025 - gov.scot

5 Local Government 2024-25 Provisional Outturn and 2025-26 Budget Estimates - gov.scot

6 Economy statistics - gov.scot (www.gov.scot)

7 The latest Public Sector Finances dataset is available from

Public sector finances, UK Statistical bulletins - Office for National Statistics (ons.gov.uk)

As this dataset is updated monthly and subject to minor revision, figures in future data releases may differ from those used in this report.

8 HMT Public Expenditure Statistical Analyses (PESA) - GOV.UK (www.gov.uk)

9 Country and regional analysis - GOV.UK (www.gov.uk)

10 Economy statistics - gov.scot (www.gov.scot)

11 Economy statistics - gov.scot (www.gov.scot)

12 Repaying your student loan: How much you repay - GOV.UK

Scotland: Plan 4 loans for the period 1 September 2024 to 31 August 2025 compared to 1 September 2023 to 31 August 2024. England and Wales: Plan 2 and Plan 3 loans for the period 1 September 2024 to 31 August 2025

13 Council Tax levels set by local authorities in England 2024 to 2025 (revised) - GOV.UK

14 Total Wealth: Wealth in Great Britain - Office for National Statistics (ons.gov.uk)

15 Adult smoking habits in the UK Statistical bulletins - Office for National Statistics (ons.gov.uk)

16 Family food statistics - GOV.UK (www.gov.uk)

17 Country and regional public sector finances, UK - Office for National Statistics (ons.gov.uk)

18 Europe Brent Spot Price FOB (Dollars per Barrel) (eia.gov)

19 Wholesale gas prices - Reuters

20 Energy Trends: June 2025 - GOV.UK

21 North Sea Transition Authority (NSTA): Production and expenditure projections - Data downloads and publications - Data centre (nstauthority.co.uk) – based on March 2025 production and expenditure data and projections.

22 PRT is an allowable deduction in calculating profits subject to RFCT and SC. Equally, any refund of PRT is a taxable receipt for RFCT and SC purposes. RFCT and SC are charged on the same profit base, so neither is allowable as a deduction in calculating the profits chargeable to the other.

23 For 2024-25 these thresholds were $74.21/bbl for oil and 57p/therm for gas. While the six-month average oil price did fall below the threshold during the financial year, the gas price remained above. As such, the EPL remained in effect.

24 Oil and gas price mechanism consultation - GOV.UK

25 Statistics of government revenues from UK oil and gas production - GOV.UK (www.gov.uk)

26 HMT Public Expenditure Statistical Analyses (PESA) - GOV.UK (www.gov.uk)

27 Country and regional analysis - GOV.UK (www.gov.uk)

28 Fiscal framework: agreement between the Scottish and UK Governments - gov.scot (www.gov.scot)

29 Fiscal framework outturn report: 2024 - gov.scot

30 Scottish VAT Assignment – Experimental Statistics - GOV.UK (www.gov.uk)

31 Public sector finances, UK Statistical bulletins - Office for National Statistics (ons.gov.uk)