The Scottish Consolidated Fund Accounts for the year ended 31 March 2024

The 2023-24 annual account for Scottish Consolidated Fund (SCF) set up following devolution in 1999 and under the Scotland Act 1998.

This account has been prepared under sections 19(2) and 19(4) of the Public Finance and Accountability (Scotland) Act 2000.


Statement of Balances

As at 31 March 2024

Cash Reserves

Note

2023-24

£000

2022-23

£000

Balance brought forward from previous year

196,520

204,640

Surplus/(Deficit) of receipts over payments for year

23,320

(8,120)

Cash balance at 31 March

20

219,840

196,520

Borrowing by Scottish Ministers

Note

2023-24

£000

2022-23

£000

Balance brought forward from previous year

2,026,381

1,817,999

Prior year interest accrual

(3,367)

(2,703)

New borrowing in year

404,000

347,000

Repayments

(186,977)

(139,282)

Accrued interest

5,071

3,367

Amounts to be repaid at 31 March

7

2,245,108

2,026,381

The Principal Accountable Officer authorised these accounts for issue on the date signed below. The notes on pages 15 to 24 form part of these accounts.

Signed by John-Paul Marks

John-Paul Marks

Principal Accountable Officer

Contact

Email: pawel.kurcz@gov.scot

Back to top