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.
8. Reconciliation Requirement for the Scottish Budget 2025-26
76. Table 16 below gives the total provisional reconciliation requirement for the Scottish Budget 2025-26. It shows the net impact of the reconciliation for Income Tax from 2022-23, and for the BGA reconciliations for the fully devolved taxes, Fines, Forfeitures and Fixed Penalties, and Social Security benefits expenditure for 2023-24.
| Income Tax 2022-23 | Final Outturn | +448.7 | |
|---|---|---|---|
| Of which: | |||
| Final revenue reconciliation | Final Outturn | +1,498.4 | |
| Provisional BGA reconciliation | Final Outturn | -1,049.7 | |
| LBTT 2023-24 provisional BGA reconciliation | Provisional Outturn | +8.7 | |
| SLfT 2023-24 provisional BGA reconciliation | Provisional Outturn | +7.6 | |
| Social Security 2023-24 provisional BGA reconciliation | Provisional Outturn | +25.0 | |
| Total Reconciliation Requirement | +490.1 |
Note: Figures may not sum due to rounding.
For more detail on the individual entries see tables in sections 1, 2, 3, 4 and 5.
Contact
Email: rory.mack@gov.scot
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