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EXECUTIVE SUMMARY
- Government Expenditure and Revenue Scotland ( GERS) is a National Statistics publication.
- In this edition of GERS, Scotland's estimated fiscal position is presented under three different scenarios for the allocation of North Sea revenues - excluding, a per capita share and an illustrative geographical share.
- In 2006-07, the estimated current budget balance for the public sector in Scotland was a deficit of £6.7 billion (6.4 per cent of GDP) excluding North Sea revenue, a deficit of £6.0 billion (5.5 per cent of GDP) including a per capita share of North Sea revenue or a surplus of £0.8 billion (0.7 per cent of GDP) including an estimated geographical share of North Sea revenue.
- In 2006-07, the estimated fiscal balance in Scotland, that is the estimated current budget balance plus estimated net capital investment, was a deficit of £10.2 billion (9.7 per cent of GDP) when excluding North Sea revenue, a deficit of £9.4 billion (8.8 per cent of GDP) when including a per capita share of North Sea revenue or a deficit of £2.7 billion (2.1 per cent of GDP) when an estimated geographical share of North Sea revenue is included.
- Total Scottish non-North Sea public sector revenue was estimated at £42.4 billion in 2006-07, equivalent to 8.3 per cent of the comparative total UK non-North Sea public sector revenue.
- Total public sector expenditure for Scotland in 2006-07 was estimated at £49.9 billion, equivalent to 9.5 per cent of total UK public sector expenditure. Approximately 9.2 per cent of Scottish expenditure was capital expenditure.
- 'Identifiable' public sector expenditure for Scotland was estimated at £43.1 billion in 2006-07, equivalent to 9.8 per cent of the corresponding UK total.
- In 2006-07, 'non-identifiable' public sector expenditure was estimated at £6.8 billion, equivalent to 8.2 per cent of the corresponding UK total. Accounting adjustments added £2.7 billion, 10.3 per cent of the UK equivalent total.
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