皇冠体育app

皇冠体育app Government Expenditure and Revenue Scotland (GERS) 2015/16 report, published today as National Statistics by the Scottish Government, shows how Scotland benefits from being part of a strong United Kingdom.

Responding to the report, Secretary of State for Scotland David Mundell said:

皇冠体育appse figures show how being part of the UK protects living standards in Scotland.

Scotland weathered a dramatic slump in oil revenues last year because we are part of a United Kingdom that has at its heart a system for pooling and sharing resources across the country as a whole.

It is important that continues and the financial deal between the UK and Scottish governments, struck last year as part of the transfer of new tax and welfare powers to Holyrood, means real security for Scotland.

皇冠体育app fact public spending was 拢1,200 per head higher in Scotland than the UK as a whole also demonstrates that the United Kingdom, not the European Union, is the vital union for Scotland鈥檚 prosperity.

In light of figures confirming greatly reduced North Sea revenues, the Secretary of State reiterated the UK Government鈥檚 commitment to the oil and gas industry. He said:

No government is doing more than the UK to support their oil and gas industry.

Key points from the 2015/16 GERS report include:

• Scotland鈥檚 spending was around 拢1,200 per head higher than that of the UK average in 2015/16.

• Scotland鈥檚 share of North Sea revenues was 拢76 million in 2015/16, compared with 拢2.252 billion the previous year and nearly 拢11 billion in 2011/12.

• Given the low North Sea revenue, tax revenues generated in Scotland (拢10,000 per head) were 拢400 per head less than across the UK as a whole.

• Scotland鈥檚 deficit or borrowing is almost 拢1,700 per person larger than the UK average in 2015/16.

• Scotland contributed 7.9% of UK tax and received 9.1% of UK spending in 2015/16, demonstrating how Scotland receives secure and stable levels of spending irrespective of the volatile tax revenues from the North Sea.

• Scotland鈥檚 deficit worsened in 2015/16, while the UK鈥檚 as a whole improved. Scotland鈥檚 deficit as a share of GDP was 9.5% and this compares with 4.0% for the UK.

Support for the UK鈥檚 oil and gas sector:

• 皇冠体育app UK Government is doing everything possible to support the oil and gas industry and the thousands of workers and families it supports.

• We established the Oil and Gas Authority to drive greater collaboration and productivity within the industry. In the last two budgets we announced radical packages of tax measures worth 拢2.3 billon to ensure the UK Continental Shelf remains an attractive destination for investment. No other government has made fiscal changes as extensive in response to falling oil prices.