Information

Scottish Budget 2022 to 2023

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

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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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