Publication - Corporate report
Scottish Budget 2023 to 2024: spring budget revision
Supporting document to the Budget (Scotland) Act 2023 Amendment Regulations 2023. Provides details of Level 2 and 3 budgets.
Scottish Teachers and NHS Pensions
| Total Changes for the Spring Budget Revision | Operating | Capital | Total | |
|---|---|---|---|---|
| £m | £m | £m | ||
| Total Budget following the Autumn Budget Revision | 6,921.001 | 0.000 | 6,921.001 | |
| Changes Proposed | Funding Changes | 0.000 | 0.000 | 0.000 |
| Technical Adjustments | -3,160.192 | 0.000 | -3,160.192 | |
| Net Whitehall Transfers | 0.000 | 0.000 | 0.000 | |
| Net Transfers within Scottish Block | 0.000 | 0.000 | 0.000 | |
| Total changes proposed | -3,160.192 | 0.000 | -3,160.192 | |
| Proposed Budget following Spring Budget Revision | 3,760.809 | 0.000 | 3,760.809 | |
| Expenditure Limit | 0.000 | 0.000 | 0.000 | |
| Total Expenditure Limit | 0.000 | 0.000 | 0.000 | |
| UK Funded AME | NHS Pensions | 2,481.531 | 0.000 | 2,481.531 |
| Teachers' Pensions | 1,279.278 | 0.000 | 1,279.278 | |
| Total UK Funded AME | 3,760.809 | 0.000 | 3,760.809 | |
| Other Expenditure | Total Other Expenditure | 0.000 | 0.000 | 0.000 |
| Total Budget | 3,760.809 | 0.000 | 3,760.809 | |
| Total Limit on Income (accruing resources) | 3,100.0 | |||
Schedule 3.1 NHS Pensions
| Proposed Changes | Operating | Capital | Total |
|---|---|---|---|
| £m | £m | £m | |
| Original Budget | 4,640.537 | 0.000 | 4,640.537 |
| ABR changes | 0.000 | 0.000 | 0.000 |
| ABR Budget | 4,640.537 | 0.000 | 4,640.537 |
| Proposed changes | -2,159.006 | 0.000 | -2,159.006 |
| SBR Proposed Budget | 2,481.531 | 0.000 | 2,481.531 |
| Proposed Changes | Operating | Capital | Total |
|---|---|---|---|
| £m | £m | £m | |
| Refinement of forecast based on scheme pension benefit payments and member employer and employee contributions | -2,159.006 | 0.000 | -2,159.006 |
| -2,159.006 | 0.000 | -2,159.006 |
| Proposed Changes | Operating | Capital | Total |
|---|---|---|---|
| £m | £m | £m | |
| Gross Expenditure | 4,815.193 | 0.000 | 4,815.193 |
| Less: Retained Income | -2,333.662 | 0.000 | -2,333.662 |
| Capital Receipts Applied | 0.000 | 0.000 | 0.000 |
| 2,481.531 | 0.000 | 2,481.531 |
| Proposed Changes | Operating | Capital | Total |
|---|---|---|---|
| £m | £m | £m | |
| NHS Pension Scheme Expenditure | 4,815.193 | 0.000 | 4,815.193 |
| Retained Income from employee and employer contributions and transfers received (NHS) | -2,333.662 | 0.000 | -2,333.662 |
| Net Expenditure | 2,481.531 | 0.000 | 2,481.531 |
Schedule 3.2 Teachers' Pensions
| Proposed Changes | Operating | Capital | Total |
|---|---|---|---|
| £m | £m | £m | |
| Original Budget | 2,280.464 | 0.000 | 2,280.464 |
| ABR changes | 0.000 | 0.000 | 0.000 |
| ABR Budget | 2,280.464 | 0.000 | 2,280.464 |
| Proposed changes | -1,001.186 | 0.000 | -1,001.186 |
| SBR Proposed Budget | 1,279.278 | 0.000 | 1,279.278 |
| Proposed Changes | Operating | Capital | Total |
|---|---|---|---|
| £m | £m | £m | |
| Refinement of forecast based on scheme pension benefit payments and member employer and employee contributions | -1,001.186 | 0.000 | -1,001.186 |
| -1,001.186 | 0.000 | -1,001.186 |
| Proposed Changes | Operating | Capital | Total |
|---|---|---|---|
| £m | £m | £m | |
| Gross Expenditure | 2,422.721 | 0.000 | 2,422.721 |
| Less: Retained Income | -1,143.443 | 0.000 | -1,143.443 |
| Capital Receipts Applied | 0.000 | 0.000 | 0.000 |
| 1,279.278 | 0.000 | 1,279.278 |
| Proposed Changes | Operating | Capital | Total |
|---|---|---|---|
| £m | £m | £m | |
| Teachers' Pension Scheme Expenditure | 2,422.721 | 0.000 | 2,422.721 |
| Teachers' Retained Income from employee and employer contributions and transfers received | -1,143.443 | 0.000 | -1,143.443 |
| Net Expenditure | 1,279.278 | 0.000 | 1,279.278 |
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