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The Guardian - UK
The Guardian - UK
National
Libby Brooks Scotland correspondent

Scottish public spending deficit falls as oil revenues hit record high

An oil platform in the North Sea
An oil platform in the North Sea. Scotland’s notional deficit remained substantially higher than that of the UK as a whole. Photograph: Reuters

Scotland’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.

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