Scottish Budget 2021 to 2022: final outturn report
Report to present a statement of Final Outturn for the financial year 2021 to 2022 against the statutory limits authorised through the appropriate legislative processes by the Scottish Parliament.
Final Outturn – HM Treasury Controls
15. The final 2021-22 fiscal outturn confirmed with HM Treasury in December was £46.8 billion against a budget of £47.5 billion, resulting in an underspend of £699 million, less than 1.5% of the total budget (Table 2 below provides further detail). This represents a movement of £49 million from the provisional £650 million underspend reported in June 2022 in the Provisional Outturn Statement.
| 2021-22 Final Outturn | Outturn | Budget | Variance |
|---|---|---|---|
| £million | £million | £million | |
| Finance and Economy | 2,049 | 2,625 | (576) |
| Health and Sport | 17,947 | 17,865 | 82 |
| Education and Skills | 3,822 | 3,906 | (84) |
| Net Zero Energy and Transport | 3,823 | 4,342 | (519) |
| Constitution External Affairs and Culture | 351 | 344 | 7 |
| Justice | 3,065 | 3,105 | (40) |
| Rural Affairs and Islands | 832 | 902 | (70) |
| Social Justice Housing and Local Government | 14,374 | 14,401 | (27) |
| Deputy First Minister and Cabinet Secretary for Covid Response | 63 | 72 | (9) |
| The Crown Office and Procurator Fiscal | 171 | 173 | (2) |
| Total Scottish Government | 46,497 | 47,735 | (1,238) |
| Food Standards Scotland | 20 | 21 | (1) |
| National Records of Scotland | 57 | 57 | 0 |
| NHS & Teachers Pension Schemes | 0 | 0 | 0 |
| Office of the Scottish Charity Regulator | 4 | 4 | (0) |
| Registers of Scotland | (3) | 8 | (11) |
| Revenue Scotland | 7 | 7 | (0) |
| Scottish Courts and Tribunal Service | 150 | 153 | (3) |
| Scottish Fiscal Commission | 2 | 2 | (0) |
| Scottish Housing Regulator | 4 | 5 | (1) |
| Total Scottish Administration | 46,738 | 47,992 | (1,254) |
| Scottish Parliament Corporate Body | 107 | 110 | (3) |
| Audit Scotland | 10 | 11 | (1) |
| Total Scottish Budget | 46,855 | 48,113 | (1,258) |
| Funding Adjustments – late UK Supplementary Estimate funding reduction | (13) | (59) | 46 |
| Funding Adjustments – reduction in borrowing | 0 | (299) | 299 |
| Funding Adjustments – reductions in Financial Transactions | (0) | (214) | 214 |
| Total Outturn | 46,842 | 47,541 | (699) |
16. The Provisional Outturn Statement is presented to Parliament prior to completion of audited accounts for the Scottish Government and associated bodies and is therefore subject to change.
17. The changes between Provisional and Final Outturn were a result of accounting adjustments which occurred as part of the year-end process. The most material reduction was within Social Security benefit expenditure audit.
18. The £699 million underspend is carried forward in full in the Scotland Reserve. The majority of the underspend in 2021-22 was already included in the 2022-23 funding position: £324 million was anticipated within the initial 2022-23 Budget, with an additional £120 million announced by the Cabinet Secretary of Finance and Economy to support Local Government 22/23 costs at stage 1 of the Budget Bill process. The remainder has been fully allocated during 2022-23 as part of the Autumn and Spring Budget Revision processes.
19. Annex A provides a reconciliation to the Scottish Government's Consolidated Accounts outturn versus Final Outturn statement against HM Treasury Totals. The difference is driven by non-cash and funding adjustments.
Contact
Email: fiscalmanagement@gov.scot
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