Just got this info from my brother regarding the finances of Scotland. Please take a look. Here is the full message: Hello, Got round to finding those links on the finances. scotland.gov.uk/Topics/Statistics/Browse/Economy/GERS/GERS2014xls You will see from this even based on a share of NS Oil we are running a deficit of 12bn. SPSF 3 SCOTLAND Public Sector Summary Balances - with GEOGRAPHIC SHARE OF NORTH SEA OIL REVENUES £ million Onshore Tax Revenues Offshore Tax Revenues Total Tax Revenues Total Managed Expediture - Current Total Managed Expediture - Capital Total Managed Expediture - Total Capital Consumption Current Budget Balance Net Investment Net Fiscal Balance a b c d e f g h i j 2009/10 42,054 5,679 47,733 55,406 6,681 62,087 1,884 -9,557 4,798 -14,355 2010/11 44,318 7,454 51,772 58,127 5,968 64,095 1,945 -8,300 4,023 -12,323 2011/12 46,315 10,000 56,315 58,909 5,960 64,869 2,039 -4,633 3,921 -8,554 2012/13 47,566 5,581 53,147 59,627 5,579 65,206 2,119 -8,599 3,459 -12,058 The wee blue book goes on about Scotland paying its share of the UK deficit which okay scotland.gov.uk/Topics/Statistics/Browse/Economy/GERS/GERS2014xls may include things like HS but last year that was £4bn in payment which still leaves a black hole of £8bn. Again know you vote with you heart so are happy to take the consequences so long as you don’t believe we’ll be financially better off and be able to afford all these new found services that will cost. It is obviously where the cuts will come from with NHS/Education and Benefits making up 2/3rd of the budget.
Posted on: Wed, 10 Sep 2014 11:34:47 +0000
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