THE SCOTTISH BUDGET
HISTORICAL

Scotland's budget for 2024-25 was £60,886m. The forecast for 2025-26 is £63,523m.  This represents a 4.3% increase in cash terms.
Scottish Budget Historical
Year Cash Terms (£m) % Change Real Terms (2024-25 £m) % Change
2008-09 31,935.0 — 47,778.5 —
2009-10 33,651.0 +5.4% 49,703.0 +4.0%
2010-11 34,235.0 +1.7% 49,719.6 0.0%
2011-12 33,488.0 -2.2% 47,618.2 -4.2%
2012-13 33,761.2 +0.8% 47,188.5 -0.9%
2013-14 34,342.6 +1.7% 47,022.9 -0.4%
2014-15 36,390.0 +6.0% 49,131.7 +4.5%
2015-16 36,916.3 +1.4% 49,498.7 +0.7%
2016-17 37,247.0 +0.9% 48,960.6 -1.1%
2017-18 39,233.4 +5.3% 50,926.8 +4.0%
2018-19 42,888.9 +9.3% 54,431.1 +6.9%
2019-20 43,386.2 +1.2% 53,646.8 -1.4%
2020-21 55,407.5 +27.7% 65,108.5 +21.4%
2021-22 56,035.9 +1.1% 65,690.0 +0.9%
2022-23 58,001.3 +3.5% 63,528.5 -3.3%
2023-24 58,155.9 +0.3% 60,508.7 -4.8%
2024-25 60,886.0 +4.7% 60,886.0 +0.6%
2025-26 63,523.9 +4.3% 61,531.0 +1.1%

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REFERENCES & FOOTNOTES
REFERENCES
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.