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Author Topic: Scottish public spending deficit falls as oil revenues hit record high  (Read 110 times)

NadiaWits

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Scottish public spending deficit falls as oil revenues hit record high

Both sides of constitutional debate use Gers data to argue case for and against independenceUK politics live – latest updatesScotland’s public spending deficit has fallen from a record peak last year, as oil and gas revenues reached their highest-ever level after a global rise in oil prices.The government expenditure and revenue Scotland (Gers) report calculated a per-person deficit – the gap between the amount raised through all tax and spending on all public services – as £1,521 in the 2022-23 financial year, down from £2,184 the previous year. Continue reading...

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