Scotland’s budget deficit has dropped over the past year, falling to £13.3 billion from a revised figure of £14.5 billion the previous year.
According to the figures from the Government Expenditure and Revenue Scotland (Gers), the figure represents an 8.3 percent share of Scotland’s GDP.
The Gers figures put Scottish public sector revenue a £58 billion, 8 percent of total UK revenue. As whole, the UK has a budget deficit of £46.2 billion, or 2.4 percent of GDP.
Just £208 million of Scotland’s revenue over the year came from its oil and gas industry in the North Sea, showing the industry is continuing to recover slowly from the oil price crash. In 2012, the North Sea brought in revenues of £8 billion.
However, Scotland’s non-North Sea revenue increased by 6.1 percent, to £57.8 billion from £54.5 billion the year previously.
