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Government Expenditure and Revenue Scotland 2007-08
18/06/2009
The annual publication Government Expenditure and Revenue Scotland 2007-2008 is published today, the 15th in the series of official published estimates of expenditure and revenue balances relating to the public sector in Scotland.
The aim of GERS is to enhance public understanding of fiscal issues in Scotland. GERS is a National Statistics Publication for Scotland.
The key points outlined in the report are:
- In 2007-08, the estimated current budget balance for the public sector in Scotland was a deficit of £7.1 billion (6.3 per cent of GDP) excluding North Sea revenue, a deficit of £6.4 billion (5.5 per cent of GDP) including a per capita share of North Sea revenue or a surplus of £219 million (0.2 per cent of GDP) including an estimated geographical share of North Sea revenue
- In 2007-08, the estimated fiscal balance in Scotland, that is the estimated current budget balance plus estimated net capital investment, was a deficit of £11.1 billion (9.8 per cent of GDP) when excluding North Sea revenue, a deficit of £10.4 billion (9.0 per cent of GDP) when including a per capita share of North Sea revenue or a deficit of £3.8 billion (2.7 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 £45.2 billion in 2007-08, equivalent to 8.4 per cent of the comparative total UK non-North Sea public sector revenue
- Total public sector expenditure for Scotland in 2007-08 was estimated at £53.3 billion, equivalent to 9.6 per cent of total UK public sector expenditure. Approximately 9.9 per cent of Scottish expenditure was capital expenditure.
- 'Identifiable' public sector expenditure for Scotland was estimated at £46.0 billion in 2007-08, equivalent to 9.9 per cent of the corresponding UK total
- In 2007-08, 'non-identifiable' public sector expenditure was estimated at £7.4 billion, equivalent to 8.2 per cent of the corresponding UK total. Accounting adjustments added 2.9 billion pounds, 10.7 per cent of the UK equivalent total