Publication - Factsheet
Scottish Budget 2025 to 2026: Scottish Government borrowing
An update on Scottish Government borrowing policy and progress towards a future bond issuance.
Resource borrowing forecast as at 2025-26 Scottish Budget
| £million | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 | 2025-26 | 2026-27 | 2027-28 | 2028-29 | 2029-30 | 2030-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt Stock at start of Year | - | 207 | 505 | 480 | 476 | 540 | 389 | 238 | 791 | 667 | 494 |
| New Borrowing in year (incurred) | 207 | 319 | 47 | 104 | - | - | - | - | - | - | - |
| New Borrowing in year (forecast) | - | - | - | - | 187 | - | - | 654 | - | - | - |
| Principal Repayments | - | 21 | 72 | 108 | 123 | 135 | 116 | 64 | 27 | 11 | - |
| Interest Repayments | - | 0 | 4 | 6 | 9 | 7 | 5 | 3 | 1 | 0 | - |
| Resource Cost of Borrowing Incurred | - | 21 | 77 | 114 | 132 | 142 | 121 | 67 | 28 | 12 | - |
| Principal Repayments | - | - | - | - | - | 17 | 35 | 36 | 97 | 162 | 148 |
| Interest Repayments | - | - | - | - | - | 8 | 8 | 6 | 31 | 29 | 21 |
| Resource Cost of Forecast Borrowing | - | - | - | - | - | 25 | 42 | 42 | 128 | 191 | 170 |
| Projected Total Resource Cost | - | 21 | 77 | 114 | 132 | 166 | 163 | 109 | 157 | 202 | 170 |
| Debt Stock at end of Year | 207 | 505 | 480.3 | 476 | 540 | 389 | 238 | 791 | 667 | 494 | 346 |
| Debt Cap | 1,750 | 1,750 | 1,750 | 1,750 | 1,779 | 1,834 | 1,870 | 1,907 | 1,945 | 1,983 | 2,023 |
| Percentage of Debt Cap | 12% | 29% | 27% | 27% | 30% | 21% | 13% | 42% | 34% | 25% | 17% |
| Headroom | 1,543 | 1,245 | 1,270 | 1,274 | 1,239 | 1,445 | 1,632 | 1,116 | 1,277 | 1,489 | 1,677 |
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