Government Expenditure & Revenue Scotland 2022-23

Scotland’s net fiscal balance has improved since last year, driven by record North Sea revenue, as well as strong growth in income tax, national insurance contributions and VAT. Although there was a reduction in health spending related to the pandemic, overall spending increased, primarily due to increased spending on reserved debt interest and the introduction of cost-of-living support. 

• The net fiscal balance was a deficit of 9.0% of GDP (£19.1 billion)

• Scottish public sector revenue was estimated at £87.5 billion (8.6% of UK revenue). Of this, £9.4 billion was North Sea revenue. 

• total expenditure for the benefit of Scotland by the Scottish Government, UK Government and all other parts of the public sector was £106.6 billion.

More information on this from the Scottish Government can be found here.