Publisher:
Fraser of Allander Institute
Date Published:
Category:
Type of Resource:
report
Fast Facts
The Scottish government will publish its budget for 2022/23. It will be the first budget of this session of parliament. Kate Forbes’ third budget in charge of the Scottish Government’s finances will arguably the most difficult she has faced. The Scottish government will have more resources at its disposal than in 2019/20. But the challenges facing public services and the wider economy are far more acute now than they were then.
More details
The seven elements surrounding the budget:
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An uncertain economic backdrop
- The block grant is higher than pre-pandemic, but the challenges are greater too
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There are two key decisions on tax to look out for - income tax and business rates
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Dealing with the legacy of the pandemic, and wider reforms, to health and social care will absorb a large proportion of budget increases
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Transformative change to Scotland’s social security landscape will constrain the government’s wider budget choices by the middle of the parliament
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Meeting net zero targets will require new approaches to budgeting
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Budget pressures are likely to increase, rather than dissipate, in subsequent years
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