Scottish Budget 2020-21

Author: Ross Burnside, Allan Campbell, Andrew Feeney-Seale, Nicola Hudson, Greig Liddell and Alison O'Connor

PDF Published: Monday 10 Feb 2020 (SB 20-12)

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Overview
Report

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Overview
Report
- Executive Summary
- Context for Budget 2020-21
- Overall spending
- Budget allocations
  - Total allocations
  - Portfolio allocations
  - Resource and Capital allocations
  - Social Security
- Largest real terms increases and decreases
- Taxation policies and revenues
  - Income tax
    
    Income tax proposals
    
    Income tax revenues
    
    Impact on individuals
    
    National Insurance contributions
    
    Behavioural impacts
  - Devolved taxes
    
    Non-Domestic Rates
    
    Land and Buildings Transaction Tax
    
    Scottish Landfill Tax
  - Block grant adjustment
  - Reconciliation of forecasts to actual data
- Scotland Reserve
- The Scottish Fiscal Commission forecasts
  - GDP forecasts
  - Wider economic factors
    
    Productivity
    
    Earnings
    
    Employment
  - UK comparison
  - Linking the SFC forecasts to the budget
  - Forecasts for devolved taxes
    
    Non-savings, non-dividend income tax
    
    Non-Domestic Rates
    
    Land and Buildings Transaction Tax
    
    Scottish landfill tax
  - Social security forecasts
- Capital and infrastructure
  - Borrowing powers
  - Financial Transactions
  - Revenue financed projects
  - Innovative financing
  - Revenue financing and the 5% cap
  - National Infrastructure Mission
- Local Government
  - Headline figures
  - Revenue funding
  - Capital funding
  - COSLA's response
- Will these spending or tax proposals change?
- Climate change and Carbon Assessment
  - Planned improvements in carbon assessments
- Budgets and Outcomes
- Equality and Fairer Scotland Budget Statement
  - What is an "equality budgeting" approach?
  - Climate change and equalities
- Public Sector Pay
Sources

Image: Figure 1: Allocation of TME, 2020-21

Image: Figure 2: Absolute Change in Resource and Capital, 2019-20 to 2020-21 (real terms, 2019-20 prices)

Image: Figure 3: Fiscal Resource and Capital combined by portfolio, 2020-21

Image: Figure 4: Resource and Capital split by portfolio, 2020-21

Image: Figure 5: Social Security allocations by size, 2020-21

Image: Figure 6: Largest real terms changes, 2019-20 to 2020-21, £ million

Image: Figure 8: Scottish GDP growth forecast, calendar year basis

Image: Figure 9: Scottish and UK GDP growth forecast, calendar year basis

Image: Figure 10: SFC forecasts of LBTT income

Image: Figure 11: Carbon emissions by portfolio 2020-21 - Mt CO2-equivalent

Image: Figure 12: Carbon intensity of portfolios (thousand tonne CO2 equivalent to £m spent (2020-21)

Image: Figure 13: Carbon intensity of total budget over last five years (Mt CO2 per £m)

Image: Figure 7: Income tax rates and thresholds

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Last Updated: 7/7 5:55pm

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