Provisional budget outturn
Update for the 2016-17 financial year.
The carry forward of funding into 2017-18, first announced as part of the Budget, was confirmed yesterday as the Scottish Government published the provisional cash outturn for 2016-17.
The figures show expenditure of £29.7 billion, against a limit of £29.9 billion, with £191 million carried forward in full into 2017-18.
This funding supports the spending plans that were approved by the Parliament in February, including the key additional expenditure commitments set out at Stage 2 of the 2017-18 Budget Bill process.
The amount collected from devolved taxes has risen by more than 10% or £61 million to a total of £633 million in 2016-17, slightly less than original estimates.
Finance Secretary Derek Mackay said:
“In 2016-17, the Scottish Government has once again demonstrated our sound grip on the public finances.
“We have consistently adopted a position of controlling public expenditure to ensure we live within the budget caps that apply. Under the UK’s fiscal rules, the Scottish Government cannot overspend - what we can do is carry forward a capped level of spending for use in a future year, where this is needed. And, we have successfully raised 10% more in devolved taxes to spend on critical public services.
“As we set out last year, not a penny of the underspend is lost to Scotland, as we will be carrying this forward into 2017-18 to support the key additional expenditure commitments that I announced during Stage 2 of the Budget Bill process earlier this year.
“We will continue to maintain a firm grip on Scotland’s public finances against a backdrop of considerable economic turbulence and on-going pressures on our finances, notably through the UK Government’s continued adherence to austerity.”
The annual Scottish Government Consolidated Accounts and a Statement of Total Outturn for the financial year 2016-17 against the final budget for the Scottish Administration as a whole will be provided to the Scottish Parliament later this year.
Latest News from
Jobs expansion for gaming firm18/08/2017 10:05:00
Simulation games developer and publishing company Dovetail Games is increasing its Scottish workforce by 40% with 20 new jobs, taking the number of staff to 50.
Funding for Gaelic Centre18/08/2017 08:05:00
A Gaelic music, culture and heritage centre planned in South Uist has been awarded £1 million funding
Brexit threatens environmental ambition17/08/2017 16:10:00
Scottish and Welsh Ministers warn progress is being put at risk.