Scottish Budget 2022 to 2023
The Scottish Budget sets out the Scottish Government’s proposed spending and tax plans for 2022 to 2023, as presented to the Scottish Parliament.
Chapter 6 Finance and Economy
Portfolio Responsibilities
The Finance and Economy portfolio is at the heart of Scottish Government’s determination to build a Net Zero, wellbeing economy. It helps drive and shape our response to and recovery from the COVID-19 pandemic by ensuring that we protect and create good quality, green jobs in every region of Scotland and support workers to upskill and reskill so that they can prosper in the economy of the future.
The portfolio will help build a strong, vibrant and diverse economy that promotes wellbeing, attracts investment and facilitates the transition to a Net Zero economy. It supports our national digital infrastructure and helps every sector of the economy to increase their digital capacity and capability. It ensures that we tackle the global climate emergency, promote fair work and eradicate child poverty and face up to the challenges that come from Scotland’s exit from the European Union, changing demographics and shifting global circumstances.
The portfolio is responsible for fair work, employability, enterprise, trade and investment and support to businesses across Scotland. It supports Scottish Enterprise, Highland and Islands Enterprise, South of Scotland Enterprise, VisitScotland, Accountant in Bankruptcy and Scottish National Investment Bank. It also has responsibility for City Region and Growth Deals and European Structural Funds.
The portfolio is also responsible for key functions of government around performance, public finances, fiscal policy, taxation, procurement, digital strategy and digital economy and for the funding of Revenue Scotland, Scottish Fiscal Commission, Scottish Futures Trust, Scottish Public Pensions Agency and Registers of Scotland.
Finance and Economy
Level 2 | 2020-21 Budget £m |
2021-22 Budget £m |
2022-23 Budget £m |
---|---|---|---|
Scottish Public Pensions Agency | 5,408.9 | 5,879.5 | 6,498.7 |
Other Finance | 155.1 | 184.6 | 244.3 |
Accountant in Bankruptcy | 2.2 | 2.5 | 2.5 |
Digital | 104.2 | 144.3 | 192.3 |
Planning | 9.0 | 12.2 | 13.7 |
Revenue Scotland | 6.6 | 7.1 | 7.9 |
Scottish Fiscal Commission | 1.9 | 2.0 | 2.3 |
Registers of Scotland | 12.4 | 11.2 | 8.5 |
Employability and Training | 50.5 | 56.3 | 124.6 |
Enterprise, Trade and Investment | 331.2 | 343.0 | 379.0 |
European Structural Funds | - | - | |
European Regional Development Fund | - | - | |
Economic Advice | 12.7 | 12.7 | 12.4 |
Scottish National Investment Bank | 241.1 | 205.0 | 215.7 |
Cities Investment and Strategy and Regeneration | 253.0 | 321.4 | 329.6 |
Ferguson Marine | 49.6 | 47.4 | 35.9 |
Rural Economy Enterprise | 86.3 | 103.3 | 101.3 |
Tourism | 50.6 | 65.1 | 51.2 |
Covid-19 Funding | - | 639.0 | - |
Total Finance and the Economy | 6,775.3 | 8,036.6 | 8219.9 |
of which: | |||
Total Fiscal Resource | 546.4 | 1,265.1 | 736.0 |
of which Operating Costs | 107.9 | 115.3 | 107.1 |
Non-cash | 39.9 | 38.6 | 47.9 |
Capital | 486.7 | 646.7 | 681.0 |
Financial Transactions | 317.2 | 232.4 | 284.6 |
UK Funded AME (NHS and Teachers Pensions) | 5,385.1 | 5,853.8 | 6,470.4 |
2020-21 Budget £m |
2021-22 Budget £m |
2022-23 Budget £m |
|
---|---|---|---|
Borrowing – not approved by Scottish Parliament | (66.0) | (96.5) | (167.8) |
Revenue Scotland – shown separately | (6.6) | (7.1) | (7.9) |
Scottish Fiscal Commission – shown separately | (1.9) | (2.0) | (2.3) |
Registers of Scotland – shown separately | (12.4) | (25.2) | (8.5) |
NHS and Teachers Pensions – shown separately | (5,385.1) | (5,853.8) | (6,470.4) |
Enterprise (NDPB Non-cash) | (8.3) | (8.3) | (18.0) |
Ferguson Marine (NDPB Non-cash) | - | (0.5) | (0.5) |
Highland and Islands Enterprise (NDPB Non-cash) | (5.1) | (5.1) | (2.0) |
South of Scotland Enterprise (NDPB Non-cash) | (2.5) | (2.5) | (1.0) |
Scottish National Investment Bank (NDPB Non-Cash) | - | - | (0.8) |
Scottish Futures Trust (NDPB Non-cash) | - | - | (0.1) |
Tourism (NDPB Non-cash) | (1.4) | (1.4) | (2.5) |
Total Finance and the Economy | 1,283.0 | 2,030.5 | 1,538.1 |
Total Limit on Income (accruing resources) | 400.0 |
Level 3 | 2020-21 Budget £m |
2021-22 Budget £m |
2022-23 Budget £m |
---|---|---|---|
Agency Administration | 23.8 | 25.7 | 28.3 |
Scottish Teachers Pension Scheme | 1,836.6 | 1,922.8 | 2,002.2 |
NHS Pension Scheme | 3,548.5 | 3,931.0 | 4,468.2 |
Total SPPA | 5,408.9 | 5,879.5 | 6,498.7 |
of which: | |||
Fiscal Resource | 19.6 | 20.3 | 19.3 |
Non-cash | 2.4 | 3.2 | 4.4 |
Capital | 1.8 | 2.2 | 4.6 |
FTs | - | - | - |
UK Funded AME | 5,385.1 | 5,853.8 | 6,470.4 |
Level 3 | 2020-21 Budget £m |
2021-22 Budget £m |
2022-23 Budget £m |
---|---|---|---|
Scotland Act Implementation | 3.3 | 2.7 | 2.2 |
Procurement Shared Services | 22.8 | 23.8 | 27.1 |
Scottish Futures Trust | 4.1 | 4.1 | 3.9 |
Exchequer and Finance | 21.8 | 23.7 | 14.3 |
Scottish Government Capital Projects | 31.8 | 27.0 | 23.8 |
Public Information and Engagement | 2.8 | 2.8 | 2.7 |
Growth Accelerators | 1.5 | 1.5 | 1.5 |
Green Growth Accelerator | 1.0 | 1.0 | 1.0 |
Finance FTs | - | 1.5 | - |
Resource Costs of Borrowing | 66.0 | 96.5 | 167.8 |
Total Other Finance | 155.1 | 184.6 | 244.3 |
of which: | |||
Fiscal Resource | 123.3 | 156.1 | 220.4 |
Non-cash | 14.6 | 12.0 | 11.1 |
Capital | 17.2 | 15.0 | 12.8 |
FTs | - | 1.5 | - |
UK Funded AME | - | - | - |
Level 3 | 2020-21 Budget £m |
2021-22 Budget £m |
2022-23 Budget £m |
---|---|---|---|
Accountant in Bankruptcy | 2.2 | 2.5 | 2.5 |
Total Accountant in Bankruptcy | 2.2 | 2.5 | 2.5 |
of which: | |||
Fiscal Resource | 0.6 | 0.6 | 0.4 |
Non-cash | 0.8 | 0.8 | 1.0 |
Capital | 0.8 | 1.1 | 1.1 |
FTs | - | - | - |
UK Funded AME | - | - | - |
Level 3 | 2020-21 Budget £m |
2021-22 Budget £m |
2022-23 Budget £m |
---|---|---|---|
Digital Strategy | 25.8 | 31.3 | 45.6 |
Digital Economy | 15.0 | 10.2 | 15.2 |
Digital Connectivity | 63.4 | 102.8 | 131.5 |
Total Digital | 104.2 | 144.3 | 192.3 |
of which: | |||
Fiscal Resource | 33.9 | 41.0 | 35.1 |
Non-cash | - | - | - |
Capital | 58.7 | 101.5 | 151.2 |
FTs | 11.6 | 1.8 | 6.0 |
UK Funded AME | - | - | - |
Level 3 | 2020-21 Budget £m |
2021-22 Budget £m |
2022-23 Budget £m |
---|---|---|---|
Planning | 8.3 | 11.5 | 13.1 |
Planning & Environmental Appeals | 0.7 | 0.7 | 0.6 |
Total Planning | 9.0 | 12.2 | 13.7 |
of which: | |||
Fiscal Resource | 7.0 | 7.2 | 6.7 |
Non-cash | - | - | - |
Capital | 2.0 | 5.0 | 7.0 |
FTs | - | - | - |
UK Funded AME | - | - | - |
Level 3 | 2020-21 Budget £m |
2021-22 Budget £m |
2022-23 Budget £m |
---|---|---|---|
Total Revenue Scotland | 6.6 | 7.1 | 7.9 |
of which: | |||
Fiscal Resource | 6.1 | 6.2 | 6.6 |
Non-cash | - | 0.4 | 0.5 |
Capital | 0.5 | 0.5 | 0.8 |
FTs | - | - | - |
UK Funded AME | - | - | - |
Level 3 | 2020-21 Budget £m |
2021-22 Budget £m |
2022-23 Budget £m |
---|---|---|---|
Scottish Fiscal Commission | 1.9 | 2.0 | 2.3 |
of which: | |||
Fiscal Resource | 1.9 | 2.0 | 2.3 |
Non-cash | - | - | - |
Capital | - | - | - |
FTs | - | - | - |
UK Funded AME | - | - | - |
Level 3 | 2020-21 Budget £m |
2021-22 Budget £m |
2022-23 Budget £m |
---|---|---|---|
Registers of Scotland | 12.4 | 11.2 | 8.5 |
of which: | |||
Fiscal Resource | 4.0 | 4.1 | - |
Non-cash | 4.4 | 4.1 | 6.0 |
Capital | 4.0 | 3.0 | 2.5 |
FTs | - | - | - |
UK Funded AME | - | - | - |
Level 3 | 2020-21 Budget £m |
2021-22 Budget £m |
2022-23 Budget £m |
---|---|---|---|
Employability and Training | 50.5 | 56.3 | 124.6 |
Total Employability and Training | 50.5 | 56.3 | 124.6 |
of which: | |||
Fiscal Resource | 50.3 | 56.2 | 124.5 |
Non-cash | 0.2 | 0.1 | 0.1 |
Capital | - | - | - |
FTs | - | - | - |
UK Funded AME | - | - | - |
Level 3 | 2020-21 Budget £m |
2021-22 Budget £m |
2022-23 Budget £m |
---|---|---|---|
Enterprise | 247.1 | 299.6 | 302.6 |
Innovation, Industries and Trade and Investment | 84.1 | 43.5 | 76.4 |
Total Enterprise, Trade and Investment | 331.2 | 343.0 | 379.0 |
of which: | |||
Fiscal Resource | 163.4 | 197.5 | 185.8 |
Non-cash | 8.5 | 8.5 | 18.0 |
Capital | 80.7 | 115.5 | 111.1 |
FTs | 78.6 | 21.5 | 64.1 |
UK Funded AME | - | - | - |
Level 3 | 2020-21 Budget £m |
2021-22 Budget £m |
2022-23 Budget £m |
---|---|---|---|
ESF Central Government Spend – EC Income | - | - | - |
ESF Central Government Spend | - | - | - |
ESF Grants to Local Authorities | - | - | - |
ESF Grants to Local Authorities – EC Income | - | - | - |
Total ESF 2014-20 Programmes | - | - | - |
of which: | |||
Fiscal Resource | - | - | - |
Non-cash | - | - | - |
Capital | - | - | - |
FTs | - | - | - |
UK Funded AME | - | - | - |
Level 3 | 2020-21 Budget £m |
2021-22 Budget £m |
2022-23 Budget £m |
---|---|---|---|
ERDF Central Government Spend – EC Income | - | - | - |
ERDF Central Government Spend | - | - | - |
ERDF Grants to Local Authorities | - | - | - |
ERDF Grants to Local Authorities – EC Income | - | - | - |
Total ERDF 2014-20 Programmes | - | - | - |
of which: | |||
Fiscal Resource | - | - | - |
Non-cash | - | - | - |
Capital | - | - | - |
FTs | - | - | - |
UK Funded AME | - | - | - |
Level 3 | 2020-21 Budget £m |
2021-22 Budget £m |
2022-23 Budget £m |
---|---|---|---|
Office of the Chief Economic Adviser | 7.6 | 7.8 | 7.0 |
Council of Economic Advisers | 0.1 | 0.1 | - |
Consumer Scotland Policy and Advice | 5.0 | 4.8 | 5.4 |
Total Economic Advice | 12.7 | 12.7 | 12.4 |
of which: | |||
Fiscal Resource | 12.7 | 12.7 | 12.4 |
Non-cash | - | - | - |
Capital | - | - | - |
FTs | - | - | - |
UK Funded AME | - | - | - |
Level 3 | 2020-21 Budget £m |
2021-22 Budget £m |
2022-23 Budget £m |
---|---|---|---|
Scottish National Investment Bank | 241.1 | 205.0 | 215.7 |
Total Scottish National Investment Bank | 241.1 | 205.0 | 215.7 |
of which: | |||
Fiscal Resource | 21.1 | 5.0 | 9.0 |
Non-cash | - | - | 0.8 |
Capital | - | - | - |
FTs | 220.0 | 200.0 | 205.9 |
UK Funded AME | - | - | - |
Level 3 | 2020-21 Budget £m |
2021-22 Budget £m |
2022-23 Budget £m |
---|---|---|---|
Cities Investment & Strategy | 205.6 | 209.8 | 233.2 |
Regeneration | 47.4 | 111.6 | 96.4 |
Total Cities Investment and Strategy and Regeneration | 253.0 | 321.4 | 329.6 |
of which: | |||
Fiscal Resource | 22.0 | 29.0 | 23.6 |
Non-cash | - | - | - |
Capital | 231.0 | 292.4 | 306.0 |
FTs | - | - | - |
UK Funded AME | - | - | - |
Level 3 | 2020-21 Budget £m |
2021-22 Budget £m |
2022-23 Budget £m |
---|---|---|---|
Ferguson Marine | 49.6 | 47.4 | 35.9 |
Total Ferguson Marine | 49.6 | 47.4 | 35.9 |
of which: | |||
Fiscal Resource | - | 1.9 | 2.0 |
Non-cash | - | 0.5 | 0.5 |
Capital | 49.6 | 45.0 | 33.4 |
FTs | - | - | - |
UK Funded AME | - | - | - |
Level 3 | 2020-21 Budget £m |
2021-22 Budget £m |
2022-23 Budget £m |
---|---|---|---|
Highlands and Islands Enterprise | 58.2 | 67.6 | 64.3 |
South of Scotland Enterprise Agency | 28.1 | 35.7 | 37.0 |
Total Rural Economy Enterprise | 86.3 | 103.2 | 101.3 |
of which: | |||
Fiscal Resource | 37.8 | 44.5 | 44.5 |
Non-cash | 7.6 | 7.6 | 3.0 |
Capital | 33.9 | 43.6 | 45.2 |
FTs | 7.0 | 7.6 | 8.6 |
UK Funded AME | - | - | - |
Level 3 | 2020-21 Budget £m |
2021-22 Budget £m |
2022-23 Budget £m |
---|---|---|---|
Tourism | 50.6 | 65.1 | 51.2 |
Total Tourism | 50.6 | 65.1 | 51.2 |
of which: | |||
Fiscal Resource | 42.7 | 45.2 | 43.4 |
Non-cash | 1.4 | 1.4 | 2.5 |
Capital | 6.5 | 18.5 | 5.3 |
FTs | - | - | - |
UK Funded AME | - | - | - |
Finance and Economy intended contributions to the National Outcomes
Primary National Outcomes
- Economy
- International
- Fair Work and Business
- Environment
Secondary National Outcomes
- Poverty
- Communities
- Children and Young People
- Education
- Human Rights
For further information on the purpose of the portfolio budget, and contributions to national outcomes (including impacts of spend on equality of outcome) please refer to the relevant portfolio annex in the published Equality and Fairer Scotland Budget Statement.
Contact
Email: ScottishBudget@gov.scot
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