Publication - Corporate report

Spring Budget Revision 2022 to 2023: supporting document

Published: 2 February 2023
Directorate: Financial Management Directorate, +1 more … Public Spending Directorate
Topic: Money and tax, Scottish Budget
ISBN: 9781805254959

Supporting document to the Budget (Scotland) Act 2022 Amendment (No. 2) Regulations 2023. Provides details of Level 2 and 3 budgets.

Scottish Teachers and NHS Pensions

Schedule 2.1 Total Changes for the Spring Budget Revision
	Operating	Capital	Total
	£m	£m	£m
Total Budget in the Autumn Budget Revision	6,470.382	0.000	6,470.382
Changes Proposed
Funding Changes	0.000	0.000	0.000
Technical Adjustments	495.680	0.000	495.680
Net Whitehall Transfers	0.000	0.000	0.000
Net Transfers within Scottish Block	0.000	0.000	0.000
Total changes proposed	495.680	0.000	495.680
Proposed Budget following Spring Budget Revision	6,966.062	0.000	6,966.062
	Operating	Capital	Total
	£m	£m	£m
Expenditure Limit:	0.000	0.000	0.000
Total Expenditure Limit	0.000	0.000	0.000
UK Funded AME:
NHS Pensions	4,657.773	0.000	4,657.773
Teachers' Pensions	2,308.289	0.000	2,308.289
Total UK Funded AME	6,966.062	0.000	6,966.062
Other Expenditure:
Total Other Expenditure	0.000	0.000	0.000
Total Budget	6,966.062	0.000	6,966.062
Total Limit on Income (accruing resources)			3,100.0

Schedule 3.1 NHS Pensions
Details of Proposed Budget
Proposed Changes	Operating	Capital	Total
	£m	£m	£m
Original Budget	4,468.173	0.000	4,468.173
ABR changes	0.000	0.000	0.000
ABR Budget	4,468.173	0.000	4,468.173
Proposed changes	189.600	0.000	189.600
SBR Proposed Budget	4,657.773	0.000	4,657.773
Summary of proposed changes
Refinement of forecast based on scheme pension benefit payments and member employer and employee contributions	189.600	0.000	189.600
	189.600	0.000	189.600
Proposed Budget following Spring Budget Revision	Operating	Capital	Total
	£m	£m	£m
Gross Expenditure	6,698.935	0.000	6,698.935
Less: Retained Income	-2,041.162	0.000	-2,041.162
Capital Receipts Applied	0.000	0.000	0.000
	4,657.773	0.000	4,657.773
Budget Analysis
NHS Pension Scheme Expenditure	6,698.935	0.000	6,698.935
Retained Income from employee and employer contributions and transfers received (NHS)	-2,041.162	0.000	-2,041.162
Net Expenditure	4,657.773	0.000	4,657.773

Schedule 3.2 Teachers' Pensions. Details of Proposed Budget
Proposed Changes	Operating	Capital	Total
	£m	£m	£m
Original Budget	2,002.209	0.000	2,002.209
ABR changes	0.000	0.000	0.000
ABR Budget	2,002.209	0.000	2,002.209
Proposed changes	306.080	0.000	306.080
SBR Proposed Budget	2,308.289	0.000	2,308.289
Summary of proposed changes
Refinement of forecast based on scheme pension benefit payments and member employer and employee contributions	306.080	0.000	306.080
	306.080	0.000	306.080
Proposed Budget following Spring Budget Revision	Operating	Capital	Total
	£m	£m	£m
Gross Expenditure	2,998.680	0.000	2,998.680
Less: Retained Income	-996.471	0.000	-996.471
Capital Receipts Applied	0.000	0.000	0.000
	2,002.209	0.000	2,002.209
Budget Analysis
Teachers' Pension Scheme Expenditure	3,318.077	0.000	3,318.077
Teachers' Retained Income from employee and employer contributions and transfers received	-1,009.788	0.000	-1,009.788
Net Expenditure	2,308.289	0.000	2,308.289

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