Publication - Corporate report
Spring Budget Revision 2024-2025 guidance: finance update for FPAC
Background information provided to the Finance and Public Administration Committee (FPAC) to help with members' scrutiny of the Spring Budget Revision (SBR) 2024 to 2025.
Annex A - Fiscal Resource Funding Envelope Breakdown
| Fiscal Resource (£m) | ABR Funding position | Changes at SBR | Funding position at SBR |
|---|---|---|---|
| Barnett | 37,690.3 | 1,443.6 | 39,133.8 |
| Ringfenced Funding (HMT) | 714.8 | 714.8 | |
| Total UK Settlement (A) | 38,405.0 | 1,443.6 | 39,848.6 |
| Social Security Block Grant Adjustment (B) | 5,045.6 | 136.6 | 5,182.2 |
| Block Grant Adjustment for Taxes and Non-Tax Income | (18,065.9) | (44.3) | (18,110.3) |
| Scottish Income Tax | 18,844.1 | - | 18,844.1 |
| Land and Buildings Transaction Tax | 730.5 | 142.9 | 873.3 |
| Scottish Landfill Tax | 58.2 | (4.2) | 54.1 |
| Non-Tax Income | 25.0 | 25.0 | |
| Net Budget Adjustment for Taxes and Non-Tax Income (C) | 1,591.9 | 94.4 | 1,686.2 |
| Reconciliations | (338.0) | - | (338.0) |
| Resource Borrowing | 338.0 | (338.0) | - |
| Resource Borrowing Costs | (131.7) | - | (131.7) |
| Capital Borrowing Costs | (134.6) | - | (134.6) |
| Scotwind | 424.0 | (424.0) | - |
| Scotland Reserve | 162.0 | 102.6 | 264.6 |
| Migrant Surcharge | 200.0 | 20.6 | 220.6 |
| KLTR | 5.0 | - | 5.0 |
| Other | 36.1 | 43.4 | 79.5 |
| Other Income and Funding Adjustments (D) | 560.8 | (595.5) | (34.7) |
| IFRS16 adjustment (E) | (203.1) | 0.0 | (203.1) |
| Total Fiscal Resource Funding (A+B+C+D+E) | 45,400.2 | 1,079.1 | 46,479.3 |
| Total Fiscal Resource Budget allocated | 45,400.0 | 1,079.1 | 46,479.1 |
| Unallocated Funding | 0.2 | 0.0 | 0.2 |