Magazine article Public Finance

Scots Spending Could Fall by £35Bn, Economics Chief Warns

Magazine article Public Finance

Scots Spending Could Fall by £35Bn, Economics Chief Warns

Article excerpt

Public spending in Scotland might not return to prerecession levels for another 15 years, the chief economic adviser to the Holyrood government has warned.

In an April 26 report examining the implications of the UK's finances for Scotland, Andrew Goudie estimated that Scottish expenditure could fall by £25bn-£35bn in real terms by 2024/25.

His analysis, carried out for an independent review of the budget commissioned by the Scottish Government, provided an 'initial outlook' for spending in the medium to long term.

He pointed out that the UK government had yet to provide detailed information for the composition of spending across the UK, including for Scotland, beyond 2010/11.

But he emphasised that it was already clear that public spending will be under considerable pressure over the next few years and said that forward planning was 'vitally important'. …

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