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| Scotland's public finances improve but lag behind UK, say government figures | Scotland's public finances improve but lag behind UK, say government figures |
| (35 minutes later) | |
| Scotland's public finances have improved according to the latest Scottish government figures, but remain worse than the UK average. | Scotland's public finances have improved according to the latest Scottish government figures, but remain worse than the UK average. |
| The country's net fiscal balance - or deficit - was £12.4bn in the red in 2013/14, down from £14.3bn in a year. | The country's net fiscal balance - or deficit - was £12.4bn in the red in 2013/14, down from £14.3bn in a year. |
| This includes revenue from the oil and gas industry deemed to be in Scottish waters. | This includes revenue from the oil and gas industry deemed to be in Scottish waters. |
| On the same basis, Scotland raised £54bn in taxes in 2013/14, which amounts to £10,100 per person. | On the same basis, Scotland raised £54bn in taxes in 2013/14, which amounts to £10,100 per person. |
| That figure is £400 more than the UK average. | That figure is £400 more than the UK average. |
| But public expenditure in Scotland in the same period was also higher than the UK average - at £66.4bn or 9.2% of total UK spending. Scotland has 8.3% of the UK population. | But public expenditure in Scotland in the same period was also higher than the UK average - at £66.4bn or 9.2% of total UK spending. Scotland has 8.3% of the UK population. |
| That amounts to £12,500 per person, £1,200 more than the UK average. | |
| Measuring the deficit as a share of economic output, Scotland performs substantially worse than the UK average. | Measuring the deficit as a share of economic output, Scotland performs substantially worse than the UK average. |
| Scotland's deficit as a share of GDP fell from 9.7% in 2012/13 to 8.1% in 2013/14 but was higher than the United Kingdom average of 5.6%. | Scotland's deficit as a share of GDP fell from 9.7% in 2012/13 to 8.1% in 2013/14 but was higher than the United Kingdom average of 5.6%. |
| The data is contained in the annual publication Government Expenditure and Revenue Scotland (Gers). | The data is contained in the annual publication Government Expenditure and Revenue Scotland (Gers). |