REVENUE & EXPENDITURE
HISTORICAL

According to GERS 2022-2023, including a Geographical share of North Sea Oil & Gas Revenue, Scotland's total share of UK revenue was £87,496m with an expenditure of £106,635m  leading to net fiscal balance of £-19,139m

Scottish Fiscal Deficit - Cash Terms (£m)
Year Revenue Expenditure Fiscal Balance
1980/81 12,183 11,135 1,048
1981/82 16,276 12,387 3,890
1982/83 18,390 13,607 4,783
1983/84 19,736 14,699 5,037
1984/85 23,106 15,562 7,543
1985/86 23,252 16,210 7,042
1986/87 18,455 16,743 1,713
1987/88 19,432 17,699 1,732
1988/89 19,764 18,264 1,501
1989/90 20,213 20,000 214
1990/91 20,742 21,800 -1,058
1991/92 21,041 24,159 -3,118
1992/93 21,196 26,066 -4,870
1993/94 22,005 27,868 -5,864
1994/95 24,475 28,861 -4,386
1995/96 26,735 30,092 -3,357
1996/97 28,023 30,370 -2,347
1997/98 29,810 30,967 -1,157
1998/99 31,591 34,300 -2,710
1999/00 33,272 35,480 -2,208
2000/01 36,989 37,550 -561
2001/02 37,677 40,600 -2,923
2002/03 37,916 43,838 -5,923
2003/04 40,360 47,846 -7,486
2004/05 43,895 51,096 -7,200
2005/06 50,065 54,228 -4,162
2006/07 50,755 57,112 -6,357
2007/08 55,298 61,043 -5,745
2008/09 55,642 64,607 -8,965
2009/10 52,227 67,274 -15,047
2010/11 57,265 69,752 -12,486
2011/12 58,791 69,767 -10,976
2012/13 56,664 71,387 -14,723
2013/14 57,824 71,282 -13,458
2014/15 57,384 72,366 -14,981
2015/16 56,645 73,282 -16,637
2016/17 58,988 75,724 -16,736
2017/18 62,577 77,664 -15,087
2018/19 65,291 79,474 -14,183
2019/20 66,163 82,775 -16,612
2020/21 62,423 100,275 -37,853
2021/22 72,481 97,380 -24,899
2022/23 87,496 106,635 -19,139
Scottish Fiscal Deficit - Real Terms 2022-23 (£m)
Year Revenue Expenditure Fiscal Balance
1980/81 51,576 47,140 4,437
1981/82 62,164 47,311 14,857
1982/83 65,277 48,299 16,978
1983/84 66,628 49,623 17,005
1984/85 73,579 49,556 24,020
1985/86 69,889 48,723 21,166
1986/87 52,958 48,045 4,916
1987/88 52,703 48,003 4,697
1988/89 50,037 46,239 3,800
1989/90 47,276 46,777 501
1990/91 44,718 46,999 -2,281
1991/92 42,692 49,019 -6,326
1992/93 41,739 51,329 -9,590
1993/94 42,115 53,337 -11,223
1994/95 46,067 54,322 -8,255
1995/96 48,608 54,711 -6,103
1996/97 48,923 53,020 -4,097
1997/98 52,003 54,021 -2,018
1998/99 54,152 58,797 -4,645
1999/00 56,326 60,064 -3,738
2000/01 61,842 62,780 -938
2001/02 61,724 66,512 -4,788
2002/03 60,726 70,211 -9,485
2003/04 63,102 74,806 -11,703
2004/05 66,613 77,540 -10,927
2005/06 73,938 80,085 -6,147
2006/07 72,777 81,893 -9,116
2007/08 77,461 85,508 -8,047
2008/09 75,226 87,347 -12,121
2009/10 69,677 89,751 -20,074
2010/11 75,145 91,530 -16,385
2011/12 75,804 89,956 -14,152
2012/13 71,817 90,477 -18,660
2013/14 71,794 88,503 -16,709
2014/15 70,472 88,871 -18,398
2015/16 69,015 89,284 -20,270
2016/17 70,423 90,404 -19,981
2017/18 73,483 91,199 -17,716
2018/19 75,324 91,687 -16,363
2019/20 74,396 93,075 -18,679
2020/21 66,051 106,104 -40,053
2021/22 77,229 103,759 -26,530
2022/23 87,496 106,635 -19,139

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REFERENCES & FOOTNOTES
REAL TERMS CALCULATIONS

The Real Terms calculations above are carried out using the HMT's deflator tables. There are a number of methods for measuring inflation, however when discussing public revenue and expenditure, typically the HMT's GDP deflator is used to calculate the real terms equivalent. We have provided an easy to use Calculator for your convenience here.