Scottish Budget 2024-2025: Final Outturn Report
The purpose of this report is to present a statement of Final Outturn for the financial year 2024-25 against the statutory limits authorised through the appropriate legislative processes by the Scottish Parliament.
Summary
20. The Scottish Government’s approach means that budgets are carefully managed across more than one year, with funding carried forward into the following year to support budget plans approved by the Scottish Parliament. This approach recognises fluctuations in demand and associated costs across financial periods, ensuring no loss of spending power in Scotland. Up to £200 million is required each year to support year-end movements and audit adjustments.
Table 3 below sets out the final Reserve carry forward position.
| Scotland Reserve 2024-25 | Resource £million | Capital £million | Financial Transactions £million | Total £million |
|---|---|---|---|---|
| Provisional Outturn | 501 | 31 | 25 | 557 |
| Movement | 49 | (9) | (1) | 38 |
| Final Outturn | 550 | 22 | 24 | 595 |
| Portfolio | Scottish Budget Variance | Remove GIA and add HMT Resource, Capital and FT | AME/ Other | HMT Budget Variance | Ring-Fenced Resource (Non-Cash) | HMT Budget Variance (excl. Ring-Fenced Resource) |
|---|---|---|---|---|---|---|
| Constitution, External Affairs and Culture | (2) | 4 | 0 | (6) | (2) | (4) |
| Deputy First Minister, Economy and Gaelic | (14) | (174) | 235 | (75) | 43 | (118) |
| Education and Skills | (53) | (18) | (9) | (26) | (18) | (8) |
| Finance and Local Government | (349) | 0 | (1) | (348) | 6 | (354) |
| Justice and Home Affairs | 4 | 5 | 2 | (3) | 0 | (3) |
| Net Zero and Energy | (71) | (23) | 0 | (48) | 0 | (48) |
| NHS Recovery, Health & Social Care | (47) | 1 | (7) | (41) | 19 | (60) |
| Rural Affairs, Land Reform and Islands | (43) | 0 | 0 | (43) | (7) | (36) |
| Social Justice | (164) | 0 | (34) | (130) | (20) | (110) |
| Transport | (258) | (30) | (16) | (212) | (129) | (83) |
| Crown Office and Procurator Fiscal Service | (10) | 1 | 0 | (11) | (10) | (1) |
| Total Scottish Government | (1,007) | (234) | 170 | (943) | (118) | (824) |
| Consumer Scotland | 0 | 0 | 0 | 0 | 0 | 0 |
| Environmental Standards Scotland | 0 | 0 | 0 | 0 | 0 | 0 |
| Food Standards Scotland | (1) | 0 | 0 | (1) | 0 | (1) |
| National Records of Scotland | 0 | 0 | 0 | 0 | 0 | 0 |
| NHS & Teachers Pension Schemes | (779) | 0 | (779) | 0 | 0 | 0 |
| Office of the Scottish Charity Regulator | 0 | 0 | 0 | 0 | 0 | 0 |
| Registers of Scotland | (2) | 0 | 1 | (3) | 0.000 | (3) |
| Revenue Scotland | 0 | 0 | 0 | 0 | 0 | (1) |
| Scottish Courts and Tribunals Service | 0 | 0 | 0 | 0 | 0 | 0 |
| Scottish Fiscal Commission | 0 | 0 | 0 | 0 | 0 | 0 |
| Scottish Housing Regulator | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Scottish Administration | (1,789) | (234) | (608) | (947) | (118) | (829) |
| Audit Scotland | (2) | 0 | (2) | 0 | 0 | 0 |
| Scottish Parliament | (2) | 0 | 0 | (2) | 0 | (2) |
| Total Scottish Budget | (1,793) | (234) | (610) | (949) | (118) | (831) |
| Funding & Post Audit Adjustments – Resource | 11 | |||||
| Funding & Post Audit Adjustments – Capital | 196 | |||||
| Funding & Post Audit Adjustments – Financial Transactions | 29 | |||||
| Total | 595 | |||||
Contact
Email: Corporate.reporting@gov.scot