Fiscal balance
Scotland’s extraordinary fiscal contribution to UK economy revealed
Author / Creator: Jack Peat
Media type: Article
Date published:
Scotland’s annual tax contributions to the UK have increased by £14.2 billion over the last decade, with income tax, capital gains tax and taxes on productions such as environmental levies driving this increased contribution.
New analysis shows that the Scottish public sector generated an annual revenue of £73.3 billion during the last financial year, a 24 per cent increase versus a decade ago, equating to an increased contribution of £14.2 billion to the UK economy.
Government Expenditure & Revenue Scotland 2020-21
Author / Creator: Scottish Government
Media type: government report
Date published:
Estimated total 2020/1 expenditure for the benefit of Scotland was £99.2 billion. Spending increased by 21.0%, reflecting the costs of the health and wider economic interventions in response pandemic. This is equivalent to 9.1% of total UK public sector expenditure, or £18,144 per person, which is £1,828 per person greater than the UK average.