NewsBot
29-Aug-22, 11:30
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Scotland's Underlying Public Finances Are Improving As Oil And Gas Revenues Rise - But Long-term Challenges Remain
Today's (24 August 2022) Government Expenditure and Revenue Scotland (GERS) publication suggests that Scotland's underlying fiscal position recovered more strongly in 2021-22 than that of the UK as a whole. Scotland's estimated budget deficit (‘net fiscal balance') fell from 22.7% of GDP in 2020-21 to 12.3% of GDP in 2021-22: a reduction in the deficit relative to GDP of just over 10 percentage points. [Read Full Article (https://caithness-business.co.uk/article/17611)]
Scotland's Underlying Public Finances Are Improving As Oil And Gas Revenues Rise - But Long-term Challenges Remain
Today's (24 August 2022) Government Expenditure and Revenue Scotland (GERS) publication suggests that Scotland's underlying fiscal position recovered more strongly in 2021-22 than that of the UK as a whole. Scotland's estimated budget deficit (‘net fiscal balance') fell from 22.7% of GDP in 2020-21 to 12.3% of GDP in 2021-22: a reduction in the deficit relative to GDP of just over 10 percentage points. [Read Full Article (https://caithness-business.co.uk/article/17611)]