GERS data puts gap between tax receipts and expenditure at £23.7bn despite jump in income from oil and gas
Scotland’s public spending deficit has hit a record of nearly £2,200 a head, despite a massive increase in tax revenues driven by the global surge in oil prices.
The annual public spending estimates, which cover all the taxes and spending by the devolved and UK governments in Scotland, found Scotland raised £73.8bn in taxes last year, including income from North Sea oil, but spent £97.5bn.
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