Fiscal framework outturn report: 2024
The Fiscal Framework Outturn Report 2024 publishes outturn and reconciliation information for Scottish Income Tax, Scottish Landfill Tax, Land and Buildings Transaction Tax and devolved Social Security benefits, as well as updates on borrowing and the Scotland Reserve.
10. Scotland Reserve
88. The opening balance in the Scotland Reserve at the start of 2023-24 was £327 million. The closing balance on the Reserve for 2023-24 is £293 million, as detailed in Table 19.
| Resource | Capital | Financial Transaction | Total | ||
|---|---|---|---|---|---|
| 2023-24 Opening Balance | 250 | 32 | 45 | 327 | |
| 2023-24 Drawdowns | (250) | (32) | (45) | (327) | |
| 2023-24 Additions to reserve | 162 | 130 | 1 | 293 | |
| 2023-24 Closing Balance (Provisional) | 162 | 130 | 1 | 293 | |
89. The Scottish Budget: 2024 to 2025 sets out the Scottish Government’s plans for the use of the Scotland Reserve.[14]
90. As part of the updated Fiscal Framework Review, the reserve drawdown limits of £250 million for resource and £100 million for capital have been abolished. The overall reserve limit of £700 million is now indexed to inflation.
Contact
Email: rory.mack@gov.scot
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