Saturday February 22, 2020

Falling oil revenue widened Scotland's deficit

9.5 per cent figure is more than double UK's budget gap

24th August, 2016
Falling North Sea oil revenue has hit Scottish budget figures. Pic: Getty

Figures released by the British government this morning show that Scotland’s budget deficit was 9.5 per cent of the country’s economic output in the tax year 2015-16. This compared with a 4 per cent deficit for the whole of Britain.

Scotland’s share of North Sea oil revenue was £76m in 2015-16, compared with £2.25 billion the previous year and almost £11 billion in 2011-12.

According to the Government Expenditure and...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The narrative of the Sinn Féin surge suggests that politics in Ireland is becoming more polarised like in the US and Britain, but the reality is far more complex

Colin Murphy | 6 days ago

Bank chief McDonagh says move would create better work environment for young parents and people with caring responsibilities

Killian Woods | 6 days ago

Despite a belated show of independence, the US attorney general has been a willing pawn in Trump’s interference in criminal investigations being carried out by the Department of Justice

Marion McKeone | 6 days ago