Publication - Corporate report

Scottish Budget 2022 to 2023

Published: 9 December 2021
Directorate: Budget and Public Spending Directorate
Part of: Economy, Scottish Budget
ISBN: 9781802017144

The Scottish Budget sets out the Scottish Government’s proposed spending and tax plans for 2022 to 2023, as presented to the Scottish Parliament.

Scottish Budget 2022 to 2023: documents

Supporting documents

Chapter 6 Finance and Economy

Portfolio Responsibilities

The Finance and Economy portfolio is at the heart of Scottish Government’s determination to build a Net Zero, wellbeing economy. It helps drive and shape our response to and recovery from the COVID-19 pandemic by ensuring that we protect and create good quality, green jobs in every region of Scotland and support workers to upskill and reskill so that they can prosper in the economy of the future.

The portfolio will help build a strong, vibrant and diverse economy that promotes wellbeing, attracts investment and facilitates the transition to a Net Zero economy. It supports our national digital infrastructure and helps every sector of the economy to increase their digital capacity and capability. It ensures that we tackle the global climate emergency, promote fair work and eradicate child poverty and face up to the challenges that come from Scotland’s exit from the European Union, changing demographics and shifting global circumstances.

The portfolio is responsible for fair work, employability, enterprise, trade and investment and support to businesses across Scotland. It supports Scottish Enterprise, Highland and Islands Enterprise, South of Scotland Enterprise, VisitScotland, Accountant in Bankruptcy and Scottish National Investment Bank. It also has responsibility for City Region and Growth Deals and European Structural Funds.

The portfolio is also responsible for key functions of government around performance, public finances, fiscal policy, taxation, procurement, digital strategy and digital economy and for the funding of Revenue Scotland, Scottish Fiscal Commission, Scottish Futures Trust, Scottish Public Pensions Agency and Registers of Scotland.

Finance and Economy

Table 6.01: Spending Plans (Level 2)
Level 2	2020-21 Budget £m	2021-22 Budget £m	2022-23 Budget £m
Scottish Public Pensions Agency	5,408.9	5,879.5	6,498.7
Other Finance	155.1	184.6	244.3
Accountant in Bankruptcy	2.2	2.5	2.5
Digital	104.2	144.3	192.3
Planning	9.0	12.2	13.7
Revenue Scotland	6.6	7.1	7.9
Scottish Fiscal Commission	1.9	2.0	2.3
Registers of Scotland	12.4	11.2	8.5
Employability and Training	50.5	56.3	124.6
Enterprise, Trade and Investment	331.2	343.0	379.0
European Structural Funds	-	-
European Regional Development Fund	-	-
Economic Advice	12.7	12.7	12.4
Scottish National Investment Bank	241.1	205.0	215.7
Cities Investment and Strategy and Regeneration	253.0	321.4	329.6
Ferguson Marine	49.6	47.4	35.9
Rural Economy Enterprise	86.3	103.3	101.3
Tourism	50.6	65.1	51.2
Covid-19 Funding	-	639.0	-
Total Finance and the Economy	6,775.3	8,036.6	8219.9
of which:
Total Fiscal Resource	546.4	1,265.1	736.0
of which Operating Costs	107.9	115.3	107.1
Non-cash	39.9	38.6	47.9
Capital	486.7	646.7	681.0
Financial Transactions	317.2	232.4	284.6
UK Funded AME (NHS and Teachers Pensions)	5,385.1	5,853.8	6,470.4

Presentational Adjustments for Scottish Parliament Approval
	2020-21 Budget £m	2021-22 Budget £m	2022-23 Budget £m
Borrowing – not approved by Scottish Parliament	(66.0)	(96.5)	(167.8)
Revenue Scotland – shown separately	(6.6)	(7.1)	(7.9)
Scottish Fiscal Commission – shown separately	(1.9)	(2.0)	(2.3)
Registers of Scotland – shown separately	(12.4)	(25.2)	(8.5)
NHS and Teachers Pensions – shown separately	(5,385.1)	(5,853.8)	(6,470.4)
Enterprise (NDPB Non-cash)	(8.3)	(8.3)	(18.0)
Ferguson Marine (NDPB Non-cash)	-	(0.5)	(0.5)
Highland and Islands Enterprise (NDPB Non-cash)	(5.1)	(5.1)	(2.0)
South of Scotland Enterprise (NDPB Non-cash)	(2.5)	(2.5)	(1.0)
Scottish National Investment Bank (NDPB Non-Cash)	-	-	(0.8)
Scottish Futures Trust (NDPB Non-cash)	-	-	(0.1)
Tourism (NDPB Non-cash)	(1.4)	(1.4)	(2.5)
Total Finance and the Economy	1,283.0	2,030.5	1,538.1
Total Limit on Income (accruing resources)	400.0

Table 6.02: Scottish Public Pensions Agency Spending Plans (Level 3)
Level 3	2020-21 Budget £m	2021-22 Budget £m	2022-23 Budget £m
Agency Administration	23.8	25.7	28.3
Scottish Teachers Pension Scheme	1,836.6	1,922.8	2,002.2
NHS Pension Scheme	3,548.5	3,931.0	4,468.2
Total SPPA	5,408.9	5,879.5	6,498.7
of which:
Fiscal Resource	19.6	20.3	19.3
Non-cash	2.4	3.2	4.4
Capital	1.8	2.2	4.6
FTs	-	-	-
UK Funded AME	5,385.1	5,853.8	6,470.4

Table 6.03: Other Finance Spending Plans (Level 3)
Level 3	2020-21 Budget £m	2021-22 Budget £m	2022-23 Budget £m
Scotland Act Implementation	3.3	2.7	2.2
Procurement Shared Services	22.8	23.8	27.1
Scottish Futures Trust	4.1	4.1	3.9
Exchequer and Finance	21.8	23.7	14.3
Scottish Government Capital Projects	31.8	27.0	23.8
Public Information and Engagement	2.8	2.8	2.7
Growth Accelerators	1.5	1.5	1.5
Green Growth Accelerator	1.0	1.0	1.0
Finance FTs	-	1.5	-
Resource Costs of Borrowing	66.0	96.5	167.8
Total Other Finance	155.1	184.6	244.3
of which:
Fiscal Resource	123.3	156.1	220.4
Non-cash	14.6	12.0	11.1
Capital	17.2	15.0	12.8
FTs	-	1.5	-
UK Funded AME	-	-	-

Table 6.04: Accountant in Bankruptcy Spending Plans (Level 3)
Level 3	2020-21 Budget £m	2021-22 Budget £m	2022-23 Budget £m
Accountant in Bankruptcy	2.2	2.5	2.5
Total Accountant in Bankruptcy	2.2	2.5	2.5
of which:
Fiscal Resource	0.6	0.6	0.4
Non-cash	0.8	0.8	1.0
Capital	0.8	1.1	1.1
FTs	-	-	-
UK Funded AME	-	-	-

Table 6.05: Digital Spending Plans (Level 3)
Level 3	2020-21 Budget £m	2021-22 Budget £m	2022-23 Budget £m
Digital Strategy	25.8	31.3	45.6
Digital Economy	15.0	10.2	15.2
Digital Connectivity	63.4	102.8	131.5
Total Digital	104.2	144.3	192.3
of which:
Fiscal Resource	33.9	41.0	35.1
Non-cash	-	-	-
Capital	58.7	101.5	151.2
FTs	11.6	1.8	6.0
UK Funded AME	-	-	-

Table 6.06: Planning Spending Plans (Level 3)
Level 3	2020-21 Budget £m	2021-22 Budget £m	2022-23 Budget £m
Planning	8.3	11.5	13.1
Planning & Environmental Appeals	0.7	0.7	0.6
Total Planning	9.0	12.2	13.7
of which:
Fiscal Resource	7.0	7.2	6.7
Non-cash	-	-	-
Capital	2.0	5.0	7.0
FTs	-	-	-
UK Funded AME	-	-	-

Table 6.07: Revenue Scotland Spending Plans (Level 3)
Level 3	2020-21 Budget £m	2021-22 Budget £m	2022-23 Budget £m
Total Revenue Scotland	6.6	7.1	7.9
of which:
Fiscal Resource	6.1	6.2	6.6
Non-cash	-	0.4	0.5
Capital	0.5	0.5	0.8
FTs	-	-	-
UK Funded AME	-	-	-

Table 6.08: Scottish Fiscal Commission Spending Plans (Level 3)
Level 3	2020-21 Budget £m	2021-22 Budget £m	2022-23 Budget £m
Scottish Fiscal Commission	1.9	2.0	2.3
of which:
Fiscal Resource	1.9	2.0	2.3
Non-cash	-	-	-
Capital	-	-	-
FTs	-	-	-
UK Funded AME	-	-	-

Table 6.09: Registers of Scotland Spending Plans (Level 3)
Level 3	2020-21 Budget £m	2021-22 Budget £m	2022-23 Budget £m
Registers of Scotland	12.4	11.2	8.5
of which:
Fiscal Resource	4.0	4.1	-
Non-cash	4.4	4.1	6.0
Capital	4.0	3.0	2.5
FTs	-	-	-
UK Funded AME	-	-	-

Table 6.10: Employability and Training Spending Plans (Level 3)
Level 3	2020-21 Budget £m	2021-22 Budget £m	2022-23 Budget £m
Employability and Training	50.5	56.3	124.6
Total Employability and Training	50.5	56.3	124.6
of which:
Fiscal Resource	50.3	56.2	124.5
Non-cash	0.2	0.1	0.1
Capital	-	-	-
FTs	-	-	-
UK Funded AME	-	-	-

Table 6.11: Enterprise, Trade and Investment Spending Plans (Level 3)
Level 3	2020-21 Budget £m	2021-22 Budget £m	2022-23 Budget £m
Enterprise	247.1	299.6	302.6
Innovation, Industries and Trade and Investment	84.1	43.5	76.4
Total Enterprise, Trade and Investment	331.2	343.0	379.0
of which:
Fiscal Resource	163.4	197.5	185.8
Non-cash	8.5	8.5	18.0
Capital	80.7	115.5	111.1
FTs	78.6	21.5	64.1
UK Funded AME	-	-	-

Table 6.12: European Structural Funds 2014-20 Programmes Spending Plans (Level 3)
Level 3	2020-21 Budget £m	2021-22 Budget £m	2022-23 Budget £m
ESF Central Government Spend – EC Income	-	-	-
ESF Central Government Spend	-	-	-
ESF Grants to Local Authorities	-	-	-
ESF Grants to Local Authorities – EC Income	-	-	-
Total ESF 2014-20 Programmes	-	-	-
of which:
Fiscal Resource	-	-	-
Non-cash	-	-	-
Capital	-	-	-
FTs	-	-	-
UK Funded AME	-	-	-

Table 6.13: European Regional Development Funds Spending Plans (Level 3)
Level 3	2020-21 Budget £m	2021-22 Budget £m	2022-23 Budget £m
ERDF Central Government Spend – EC Income	-	-	-
ERDF Central Government Spend	-	-	-
ERDF Grants to Local Authorities	-	-	-
ERDF Grants to Local Authorities – EC Income	-	-	-
Total ERDF 2014-20 Programmes	-	-	-
of which:
Fiscal Resource	-	-	-
Non-cash	-	-	-
Capital	-	-	-
FTs	-	-	-
UK Funded AME	-	-	-

Table 6.14: Economic Advice Spending Plans (Level 3)
Level 3	2020-21 Budget £m	2021-22 Budget £m	2022-23 Budget £m
Office of the Chief Economic Adviser	7.6	7.8	7.0
Council of Economic Advisers	0.1	0.1	-
Consumer Scotland Policy and Advice	5.0	4.8	5.4
Total Economic Advice	12.7	12.7	12.4
of which:
Fiscal Resource	12.7	12.7	12.4
Non-cash	-	-	-
Capital	-	-	-
FTs	-	-	-
UK Funded AME	-	-	-

Table 6.15: Scottish National Investment Bank Spending Plans (Level 3)
Level 3	2020-21 Budget £m	2021-22 Budget £m	2022-23 Budget £m
Scottish National Investment Bank	241.1	205.0	215.7
Total Scottish National Investment Bank	241.1	205.0	215.7
of which:
Fiscal Resource	21.1	5.0	9.0
Non-cash	-	-	0.8
Capital	-	-	-
FTs	220.0	200.0	205.9
UK Funded AME	-	-	-

Table 6.16: Cities Investment and Strategy and Regeneration Spending Plans (Level 3)
Level 3	2020-21 Budget £m	2021-22 Budget £m	2022-23 Budget £m
Cities Investment & Strategy	205.6	209.8	233.2
Regeneration	47.4	111.6	96.4
Total Cities Investment and Strategy and Regeneration	253.0	321.4	329.6
of which:
Fiscal Resource	22.0	29.0	23.6
Non-cash	-	-	-
Capital	231.0	292.4	306.0
FTs	-	-	-
UK Funded AME	-	-	-

Table 6.17: Ferguson Marine Spending Plans (Level 3)
Level 3	2020-21 Budget £m	2021-22 Budget £m	2022-23 Budget £m
Ferguson Marine	49.6	47.4	35.9
Total Ferguson Marine	49.6	47.4	35.9
of which:
Fiscal Resource	-	1.9	2.0
Non-cash	-	0.5	0.5
Capital	49.6	45.0	33.4
FTs	-	-	-
UK Funded AME	-	-	-

Table 6.18: Rural Economy Enterprise Spending Plans (Level 3)
Level 3	2020-21 Budget £m	2021-22 Budget £m	2022-23 Budget £m
Highlands and Islands Enterprise	58.2	67.6	64.3
South of Scotland Enterprise Agency	28.1	35.7	37.0
Total Rural Economy Enterprise	86.3	103.2	101.3
of which:
Fiscal Resource	37.8	44.5	44.5
Non-cash	7.6	7.6	3.0
Capital	33.9	43.6	45.2
FTs	7.0	7.6	8.6
UK Funded AME	-	-	-

Table 6.19: Tourism Spending Plans (Level 3)
Level 3	2020-21 Budget £m	2021-22 Budget £m	2022-23 Budget £m
Tourism	50.6	65.1	51.2
Total Tourism	50.6	65.1	51.2
of which:
Fiscal Resource	42.7	45.2	43.4
Non-cash	1.4	1.4	2.5
Capital	6.5	18.5	5.3
FTs	-	-	-
UK Funded AME	-	-	-

Finance and Economy intended contributions to the National Outcomes

Primary National Outcomes

Economy
International
Fair Work and Business
Environment

Secondary National Outcomes

Poverty
Communities
Children and Young People
Education
Human Rights

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 Equality and Fairer Scotland Budget Statement.

Contact

Email: ScottishBudget@gov.scot

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Information

Chapter 6 Finance and Economy

Portfolio Responsibilities

Finance and Economy

Finance and Economy intended contributions to the National Outcomes

Primary National Outcomes

Secondary National Outcomes

Contact

There is a problem