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Old 06-09-2019, 19:45   #2017
nomadking
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Re: PM Boris forms a government

Quote:
Originally Posted by jfman View Post
Wishful thinking on your part.

Scotland doesn't have a budget, London produces statistics that aren't directly comparable to a Scottish budget.
Scottish oil revenues are included in the 8%. If anything with independence, their spending would have to go up as they take over central UK responsibilities. They would have to have their own currency and show for a period of time they can be fiscally responsible.

Link

Quote:
The latest Government Expenditure and Revenue Scotland (Gers) data for Scotland shows that for 2017-18 overall state spending hit £73.4bn compared to tax income of just under £60bn, including oil revenues. That left a deficit for the year of £13.4bn, compared with £13.5bn the year before. Scotland’s deficit was equivalent to 7.9% of GDP, while for the UK as a whole it was 1.9%.
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