Earlier quoted context omitted.
> Scotland's implied deficit in 2020-21 was £36.3bn, or 22.4% of GDP. [1] How has the price of oil changed since then? Cherry picking much?
Scotland's deficit is persistent. Between 2014-15 and 2019-20 it averaged 9.2%, compared to 3.2% for the UK as a whole. [1] Infamously, the SNP's envisioned post-independence budget was based on their forecast for annual oil and gas revenues: £10bn. In reality they have averaged an order of magnitude less: £1bn. Oil and gas are volatile commodities so there will be year-to-year fluctuations but the secular trend is c…
Scotland doesn't have a deficit, because Scotland cannot borrow.
What there is, is a proportion of the UK as a whole's deficit, which is carved up and apportioned to us, but the Scottish government has no say in what that is or how much.