Scottish Debt

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?

Setting up an independent Scotland is estimated to be about £25 billion, £15 billion of which comes Scotland's share of UK assets. The remaining £10 billion is a one-off cost.

Full answer here: How to pay for becoming independent

The set up costs are estimated at £25 billion of which £15 billion as a share of assets being transferred. The continuing financial position is dependent on the strength of the economy.

Full answer here: Funding Scottish independence

How much debt does Scotland owe on Independence.

Author / Creator: Richard Murphy

Media type: Video

Date published: 2020

England will owe Scotland money upon independence.

What are the cost implications of setting up an independent Scotland?

Author / Creator: Common Weal

Media type: Briefing paper

Date published: 2021

Initial debts will be a matter of negotiation with the UK government.  The set up costs are estimated at £25 billion of which £15 billion will be offset as a share of assets being transferred. 

Response to latest [2020/1] Government Expenditure and Revenue Scotland (GERS) estimates

Author / Creator: David Phillips

Media type: Assessment report

Date published:

The large debts shown by the 2020/1 GERS are temporary and not structural.  They do not indicate that Scotland cannot afford to be inedpendent.

Beyond GERS: Scotland’s fiscal position post-independence

Author / Creator: Craig Dalzell

Media type: Policy Paper

Date published: 2017

GERS (Government Expenditure and Revenue Scotland) is not a good guide to the position of Scotland post independence.