Publication - Corporate report

Scottish Budget 2021 to 2022

Published: 28 Jan 2021
Directorate:
Budget and Public Spending Directorate
Part of:
Money and tax, Scottish Budget
ISBN:
9781800045507

The Scottish Budget sets out the Scottish Government’s proposed spending and tax plans for 2021 to 2022, as presented to the Scottish Parliament.

Scottish Budget 2021 to 2022
Chapter 6 Finance

Chapter 6 Finance

Portfolio Responsibilities

The portfolio is responsible for key functions of Government around performance, public finances, fiscal policy, taxation, procurement and digital strategy & digital economy.

It is also responsible for the funding of Revenue Scotland, Scottish Fiscal Commission, Scottish Futures Trust, Scottish Public Pensions Agency and Registers of Scotland.

Finance

Table 6.01: Spending Plans (Level 2)
Level 2 2019-20 Budget 2020-21 Budget 2021-22 Budget
£m £m £m
Scottish Public Pensions Agency 4,568.2 5,408.9 5,879.5
Finance 130.7 155.1 184.4
Digital Strategy 28.4 25.8 31.2
Digital Economy 14.7 15.0 10.2
Revenue Scotland 7.6 6.6 7.1
Scottish Fiscal Commission 1.9 1.9 2.0
Registers of Scotland - 12.4 11.2
Allocation of Covid consequentials - - 15.0
Total Finance 4,751.5 5,625.7 6,140.6
of which:
Total Fiscal Resource 155.4 184.1 239.8
of which Operating Costs 59.1 61.4 66.4
Non-cash 16.5 21.4 19.7
Capital 22.6 23.5 24.0
Financial Transactions (FTs)* 12.0 11.6 3.3
UK Funded AME (NHS and Teachers Pensions) 4,545.0 5,385.1 5,853.8

* The Financial Transactions total presented here represents the 'net' portfolio position after adjusting for forecast Financial Transactions income. To see the 'gross' or total amount of financial transactions that will be spent by the portfolio in 2021-22, please see Annex A.

Presentational Adjustments for Scottish Parliament Approval
Level 2 2019-20 Budget 2020-21 Budget 2021-22 Budget
£m £m £m
Borrowing - not approved by Scottish Parliament (49.0) (66.0) (96.5)
Revenue Scotland - shown separately (7.6) (6.6) (7.1)
Scottish Fiscal Commission - shown separately (1.9) (1.9) (2.0)
Registers of Scotland - shown separately - (12.4) (11.2)
NHS and Teachers Pensions - shown separately (4,545.0) (5,385.1) (5,853.8)
Total Finance 148.0 153.7 170.0
Total Limit on Income (accruing resources) 50.0
Table 6.02: Scottish Public Pensions Agency Spending Plans (Level 3)
Level 3 2019-20 Budget 2020-21 Budget 2021-22 Budget
£m £m £m
Agency Administration 23.2 23.8 25.7
Scottish Teachers Pension Scheme 1,525.0 1,836.6 1,922.8
NHS Pension Scheme 3,020.0 3,548.5 3,931.0
Total SPPA 4,568.2 5,408.9 5,879.5
of which:
Fiscal Resource 17.3 19.6 20.3
Non-cash 1.9 2.4 3.2
Capital 4.0 1.8 2.2
FTs - - -
UK Funded AME 4,545.0 5,385.1 5,853.8
Table 6.03: Other Finance Spending Plans (Level 3)
Level 3 2019-20 Budget 2020-21 Budget 2021-22 Budget
£m £m £m
Scotland Act Implementation 4.0 3.3 2.8
Procurement Shared Services 22.9 22.8 23.6
Scottish Futures Trust 4.4 4.1 4.1
Exchequer and Finance 15.7 21.8 23.6
Finance Financial Transactions - - 1.5
Scottish Government Capital Projects 31.8 31.8 27.0
Public Information and Engagement 2.9 2.8 2.8
Growth Accelerators - 1.5 1.5
Green Growth Accelerator - 1.0 1.0
Resource Costs of Borrowing 49.0 66.0 96.5
Total Other Finance 130.7 155.1 184.4
of which:
Fiscal Resource 98.9 123.3 155.9
Non-cash 14.6 14.6 12.0
Capital 17.2 17.2 15.0
FTs - - 1.5
UK Funded AME - - -
Table 6.04: Digital Economy Spending Plans (Level 3)
Level 3 2019-20 Budget 2020-21 Budget 2021-22 Budget
£m £m £m
Total Digital Economy 14.7 15.0 10.2
of which:
Fiscal Resource 2.7 3.4 8.4
Non-cash - - -
Capital - - -
FTs 12.0 11.6 1.8
UK Funded AME - - -
Table 6.05: Digital Strategy Spending Plans (Level 3)
Level 3 2019-20 Budget 2020-21 Budget 2021-22 Budget
£m £m £m
Total Digital Strategy 28.4 25.8 31.2
of which:
Fiscal Resource 28.4 25.8 27.9
Non-cash - - -
Capital - - 3.3
FTs - - -
UK Funded AME - - -
Table 6.06: Revenue Scotland Spending Plans (Level 3)
Level 3 2019-20 Budget 2020-21 Budget 2021-22 Budget
£m £m £m
Total Revenue Scotland 7.6 6.6 7.1
of which:
Fiscal Resource 6.2 6.1 6.2
Non-cash - - 0.4
Capital 1.4 0.5 0.5
FTs - - -
UK Funded AME - - -
Table 6.07: Scottish Fiscal Commission Spending Plans (Level 3)
Level 3 2019-20 Budget 2020-21 Budget 2021-22 Budget
£m £m £m
Scottish Fiscal Commission 1.9 1.9 2.0
of which:
Fiscal Resource 1.9 1.9 2.0
Non-cash - - -
Capital - - -
FTs - - -
UK Funded AME - - -
Table 6.08: Registers of Scotland Spending Plans (Level 3)
Level 3 2019-20 Budget 2020-21 Budget 2021-22 Budget
£m £m £m
Registers of Scotland - 12.4 11.2
of which:
Fiscal Resource - 4.0 4.1
Non-cash - 4.4 4.1
Capital - 4.0 3.0
FTs - - -
UK Funded AME - - -

Finance contributions to the National Outcomes

Primary National Outcomes

  • Economy
  • Fair Work & Business
  • Poverty

Secondary National Outcomes

  • Communities
  • Education
  • Environment
  • International

For further information on the purpose of the portfolio budget, and contributions to national outcomes (including impacts of spend on equality of outcome) please refer to the relevant portfolio annex in the published Equalities and Fairer Scotland Budget Statement.


Contact

Email: Finance.Co-ordination@gov.scot