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7 CONCLUSION
The aim of GERS is to enhance public understanding of fiscal issues in Scotland. The primary objective is to estimate a detailed set of public sector accounts for Scotland through detailed analysis of official UK and Scottish Government financial statistics.
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.
The development of GERS is an ongoing process and feedback from users of the publication is welcome. Please address any comments to
Government Expenditure and Revenue Scotland ( GERS)
Office of the Chief Economic Adviser,
Scottish Government,
St Andrew's House,
Regent Road,
Edinburgh, EH1 3DG« Previous | Contents | Next »