Does Scotland have a deficit?

No. The devolved Scotland government is not allowed deficit spending or to borrow. Any supposed deficit is an allocated proportion of the UK debt, according to population.

Full answer here: Does Scotland have a Deficit?

What are the implications of independence for public revenues and spending?

Author / Creator: Graeme Roy

Media type: Assessment report

Date published: 2021

There is no question that an independent Scotland could run a sustainable budget. But like the UK, an independent Scotland would face major fiscal challenges both in the short and long run. Based upon the latest data, an independent Scotland is likely to face greater challenges than the UK as a whole (at least in the short-term).

How is Scotland in debt if it can't borrow?

Author / Creator: The National

Media type: News Media

Date published:

The accounts don’t suggest Scotland is in debt at all. People just don't understand how to analyse the UK Government Expenditure and Revenue Scotland report (GERS).

Claiming Scotland’s Assets: A discussion paper on the division of assets and debts to an independent Scotland

Author / Creator: Craig Dalzell

Media type: Policy Paper

Date published: September 2016

The “zero option” approach to UK debt whereby the rUK is allowed to maintain its claim as the continuing state to the former UK and to adopt all mobile assets and liabilities is the appropriate stance. 

Revealed: The Accounting Trick that Hides Scotland’s Wealth (2020)

Author / Creator: Gordon MacIntyre-Kemp

Media type: Assessment report

Date published: 2020

The UK Government has diverted Scotland’s wealth to the UK Treasury to pay off its debts.  Thus it creates 100% of Scotland’s supposed debts and 100% of its phoney deficit. This is the impact of Westminster’s debt loading alone, and upon that accounting trick, rests the entire economic case for the Union.  Would an independent Scotland have to pay the rUK a population share of the UK’s historical debt?  No – there is in fact a very strong case for Scotland to be compensated for having already paid more than it’s “fair share” of the UK’s debt