It therefore excludes public sector capital investment. The current budget balance shows the difference between revenue and current expenditure only.It also improved by 1.1 percentage points in 2018-19. When including the North Sea, the movement in Scotland's net fiscal budget balance is more variable, and does not follow the same pattern as the UK. In 2018-19, it improved by 1.1 percentage points, compared to a 0.9 percentage point improvement for the UK. Excluding North Sea revenue, the net fiscal balance for Scotland tends to move in line with the figure for the UK, but is typically around 7 percentage points weaker.Scotland - Including North Sea (geographical share) Table S.1: Net Fiscal Balance: Scotland and UK 2014-15 to 2018-19 It therefore includes public sector capital investment, such as the construction of roads, hospitals, and schools, which yields benefits not just to current taxpayers but also to future taxpayers. The net fiscal balance measures the difference between total public sector expenditure and public sector revenue.

GERS provides two measures of Scotland's fiscal position, the net fiscal balance and the current budget balance.

Comments can be emailed to Overall Fiscal Position A correspondence address is available in the back leaf of the publication. Feedback from users of the publication is welcome.

The estimates in GERS are consistent with the UK Public Sector Finances published in July 2019 by the Office for National Statistics ( ONS).

It is assessed by the independent UK Statistics Authority to ensure that it meets the Code of Practice for Statistics.

GERS is a National Statistics publication.

To what extent did the revenues raised cover the costs of these public services?.

How much did the country pay for the public services that were consumed?.Government Expenditure and Revenue Scotland ( GERS) addresses three questions about Scotland's public sector finances under the current constitutional arrangements:.

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