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Scotland’s deficit falls £600 million to £25.3 billion

8/12/2026

40 8 Full Breakdown

Summary

Story summary

Scotland's public spending deficit fell by £600 million last year to £25.3 billion.
Expenditure rose by £5.7 billion to £123.6 billion, a 4.8% increase.
National insurance contributions increased by £2.4 billion, the largest revenue gain.
Income tax receipts rose by £1.5 billion, the second-largest revenue gain.
The £123.6 billion expenditure covers spending by Scottish, UK and local governments north of the border and a share of defence and debt.

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Story summary

Scotland's public spending deficit fell by £600 million last year to £25.3 billion.
Expenditure rose by £5.7 billion to £123.6 billion, a 4.8% increase.
National insurance contributions increased by £2.4 billion, the largest revenue gain.
Income tax receipts rose by £1.5 billion, the second-largest revenue gain.
The £123.6 billion expenditure covers spending by Scottish, UK and local governments north of the border and a share of defence and debt.