Publication - Corporate report
Spring Budget Revision 2019-20 Supporting Document
This document supports the Budget (Scotland ) Act 2019 Amendment Regulations 2020 known as the Spring Budget Revision 2019-20 and provides details of revised Level 2 and 3 budgets.
Scottish Teachers' and NHS Pension Schemes
Schedule 2.1 Total Changes for the Spring Budget Revision
| Operating | Capital | Total | |
|---|---|---|---|
| £m | £m | £m | |
| Total Budget in the Autumn Budget Revision | 4,545.0 | 0.0 | 4,545.0 |
| Changes Proposed | |||
| Funding Changes | 0.0 | 0.0 | 0.0 |
| Technical Adjustments | 594.6 | 0.0 | 594.6 |
| Net Whitehall transfers | 0.0 | 0.0 | 0.0 |
| Net Transfers within Scottish Block | 0.0 | 0.0 | 0.0 |
| Total changes proposed | 594.6 | 0.0 | 594.6 |
| Proposed Budget following Spring Budget Revision | 5,139.6 | 0.0 | 5,139.6 |
| Operating | Capital | Total | |
|---|---|---|---|
| £m | £m | £m | |
| Expenditure Limit: | |||
| Total Expenditure Limit | 0.0 | 0.0 | 0.0 |
| UK Funded AME: | |||
| NHS Pensions | 3,206.1 | 0.0 | 3,206.1 |
| Teachers' Pensions | 1,933.5 | 0.0 | 1,933.5 |
| Total UK Funded AME | 5,139.6 | 0.0 | 5,139.6 |
| Other Expenditure: | |||
| Total Other Expenditure | 0.0 | 0.0 | 0.0 |
| Total Budget | 5,139.6 | 0.0 | 5,139.6 |
| Total Limit on Income (accruing resources) | 2,700.0 | ||
Schedule 3.1 NHS Pensions
Details of Proposed Budget
| Proposed Changes | Operating | Capital | Total |
|---|---|---|---|
| £m | £m | £m | |
| Original Budget | 3,020.0 | 0.0 | 3,020.0 |
| ABR changes | 0.0 | 0.0 | 0.0 |
| ABR Budget | 3,020.0 | 0.0 | 3,020.0 |
| Proposed changes | 186.1 | 0.0 | 186.1 |
| SBR Proposed Budget | 3,206.1 | 0.0 | 3,206.1 |
| Summary of proposed changes | |||
| Additional AME for the NHS Pension Scheme (Scotland) in respect of indexation and equalisation | 186.1 | 0.0 | 0.0 |
| 186.1 | 0.0 | 186.1 | |
| Proposed Budget following Spring Budget Revision | Operating | Capital | Total |
|---|---|---|---|
| £m | £m | £m | |
| Gross Expenditure | 4,878.2 | 0.0 | 4,878.2 |
| Less: Retained Income | -1,672.1 | 0.0 | -1,672.1 |
| Capital Receipts Applied | 0.0 | 0.0 | 0.0 |
| 3,206.1 | 0.0 | 3,206.1 | |
| Budget Analysis | |||
| NHS Pension Scheme Expenditure | 4,878.2 | 0.0 | 4,878.2 |
| Retained Income from employee and employer contributions and transfers received (NHS) | -1,672.1 | 0.0 | -1,672.1 |
| Net Expenditure | 3,206.1 | 0.0 | 3,206.1 |
Schedule 3.2 Teachers' Pensions
Details of Proposed Budget
| Proposed Changes | Operating | Capital | Total |
|---|---|---|---|
| £m | £m | £m | |
| Original Budget | 1,525.0 | 0.0 | 1,525.0 |
| ABR changes | 0.0 | 0.0 | 0.0 |
| ABR Budget | 1,525.0 | 0.0 | 1,525.0 |
| Proposed changes | 408.5 | 0.0 | 408.5 |
| SBR Proposed Budget | 1,933.5 | 0.0 | 1,933.5 |
| Summary of proposed changes | |||
| Additional AME for the Scottish Teachers' Pension Scheme in respect of indexation and equalisation | 408.5 | 0.0 | 408.5 |
| 408.5 | 0.0 | 408.5 | |
| Proposed Budget following Spring Budget Revision | Operating | Capital | Total |
|---|---|---|---|
| £m | £m | £m | |
| Gross Expenditure | 2,764.7 | 0.0 | 2,764.7 |
| Less: Retained Income | -831.2 | 0.0 | -831.2 |
| Capital Receipts Applied | 0.0 | 0.0 | 0.0 |
| 1,933.5 | 0.0 | 1,933.5 | |
| Budget Analysis | |||
| Teachers' Pension Scheme Expenditure | 2,764.7 | 0.0 | 2,764.7 |
| Teachers' Retained Income from employee and employer contributions and transfers received | -831.2 | 0.0 | -831.2 |
| Net Expenditure | 1,933.5 | 0.0 | 1,933.5 |