Government Expenditure and Revenue Scotland 2007-2008

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EXECUTIVE SUMMARY

  • Government Expenditure and Revenue Scotland ( GERS) is a National Statistics publication.
  • 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, 10.7 per cent of the UK equivalent total.