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Ais-eòlas
Published by The Scottish Parliamentary Corporate Body
Scottish Budget 2024-25
Author: Ross Burnside, Ailsa Burn-Murdoch, Andrew Feeney-Seale, Nicola Hudson, Greig Liddell, Rob Watts
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Published: Thursday 04 Jan 2024 (24/01)
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Executive Summary: Income tax increases and budget cuts to fund government priorities
Context for Scottish Budget 2024-25
What numbers should be used?
Budget allocations
Total allocations
Portfolio allocations
Resource and Capital allocations
Social Security
Largest budget changes
Topical issues
Public service reform, workforce and pay
Just transition
Social security
Other budgetary issues
Health and social care
Housing
Enterprise
Local government
Revenue settlement
Ring-fencing and in-year transfers
Capital allocation
The council tax freeze announcement
Tax
Income tax
Income tax proposals
Income tax revenues
Income tax net position
Impact on individuals
Impact on household incomes
Interaction with rUK tax policy
Devolved tax policy and forecasts
Non-domestic rates
Land and buildings transaction tax (LBTT)
Scottish landfill tax (SLfT)
Other devolved taxes
The Scottish Fiscal Commission forecasts
Economic growth and living standards
Inflation
Labour market and earnings
Forecast comparison
Social security
Capital and infrastructure
Borrowing powers
Financial transactions
Revenue financing and the 5% cap
Scottish Government Bonds
Review of infrastructure investment plans
Climate change
Climate change assessment of the Budget
Carbon assessment
Taxonomy of capital and resource spending
National outcomes and the National Performance Framework
The National Performance Framework (NPF)
Linking national outcomes and the budget
Review of the national outcomes
Human rights - transparency, accountability and participation in the Scottish Budget
Background and key themes from committee scrutiny
Committee pre-budget scrutiny
Responses to committee pre-budget scrutiny
Reflection of human rights principles in Budget 2024-25
Accountability
Transparency
Participation
Equality and Fairer Scotland Statement
Analysis of the impact of spending on tackling inequalities
Distributional analysis
Related Briefings and blogs
Abbreviations
Executive Summary: Income tax increases and budget cuts to fund government priorities
Context for Scottish Budget 2024-25
Budget allocations
Largest budget changes
Topical issues
Local government
Tax
The Scottish Fiscal Commission forecasts
Capital and infrastructure
Climate change
National outcomes and the National Performance Framework
Human rights - transparency, accountability and participation in the Scottish Budget
Equality and Fairer Scotland Statement
Related Briefings and blogs
Abbreviations
Related Briefings
Sources
Image: Figure 1: Allocation of TME
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Image: Figure 2: Absolute change in Resource and Capital, 2023-24 to 2024-25, £m
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Image: Figure 3: Fiscal Resource and Capital, including financial transactions, by portfolio, 2024-25
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Image: Figure 4: Resource and Capital allocations by portfolio area
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Image: Figure 5: Devolved Social Security spend for 2024-25
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Image: Figure 6: Real terms changes to level 3 budget
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Image: Figure 15: Scottish GDP, 2022 Q1 = 100
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Image: Figure 16: CPI inflation, year-on-year growth
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Image: Figure 17: Scottish average earnings as % of average UK earnings
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Image: Figure 18: Total capital budget, 2024-25, £ million
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Image: Figure 19: Key policy and budget allocations expected to contribute to meeting the Scottish Government climate goals in 2024-25
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Image: Figure 20: Greenhouse gas emissions associated with Scottish budgets, 2010-11 to 2024-25
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Image: Figure 21: Carbon intensity of Scottish Budgets, total emissions compared to Total Managed Expenditure, since 2010-11
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Image: Figure 22: Capital and resource spending taxonomies, 2024-25
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Image: Figure 23: Performance change in national outcomes, by portfolio
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Image: Figure 7: Percentage of total revenue settlement either ring-fenced or transferred in-year
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Image: Figure 8: Impact of Scottish Government tax policy decisions on income tax revenues, 2024-25
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Image: Figure 9: Income tax net position, £ million
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Image: Figure 10: Impact of income tax changes on household incomes, £ per year
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Image: Figure 11: Non-domestic rates poundage rates, 2024-25
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Image: Figure 12: Forecast income from non-domestic rates
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Image: Figure 13: Forecast income from Land and Buildings Transaction Tax
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Image: Figure 14: Forecast income from Scottish Landfill Tax
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