Publication - Corporate report
Scottish Budget 2021-22
The Scottish Budget sets out the Scottish Government’s proposed spending and tax plans for 2021 to 2022, as presented to the Scottish Parliament.
189 page PDF
2.0 MB
189 page PDF
2.0 MB
Supporting files
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
| 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.
| 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 |
| 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 |
| 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 | - | - | - |
| 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 | - | - | - |
| 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 | - | - | - |
| 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 | - | - | - |
| 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 | - | - | - |
| 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.