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

HISTORICAL FACTS: Scottish public spending deficit falls as oil revenues hit record high - Caught on Camera

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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