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The Scottish Government budget is an annual Act of the Scottish Parliament, giving statutory authority to the Scottish Government for its revenue and expenditure plans. For the financial year 2024/25 the budget was approximately £59.7 billion. [1] The Scottish Government Budget Bill is presented to Parliament by the Cabinet Secretary for Finance.
The Scottish government confirmed up to £500 million in spending cuts as Robison explained that these savings were crucial for supporting the 2024-2025 Scottish budget. She attributed the financial pressures to prolonged Westminster austerity, Brexit, the war in Ukraine, and the cost of living crisis.
From income tax to winter fuel payments, the Scottish government is due to set out its financial plans.
An Act of the Scottish Parliament to make provision, for financial year 2024/25, for the use of resources by the Scottish Administration and certain bodies whose expenditure is payable out of the Scottish Consolidated Fund, for the maximum amounts of borrowing by certain statutory bodies and for authorising the payment of sums out of the Fund; to make provision, for financial year 2025/26, for ...
The First Minister said the Scottish Government is ‘living within its means’. Scottish Government budget decisions are not ‘SNP austerity’ – Swinney Skip to main content
John Swinney will give a speech in Edinburgh on Monday.
Shona Robison will set out the Government’s tax and spending plans in a speech at Holyrood on Tuesday.
MSPs vote 68–55 in favour of the 2024 Scottish budget, which includes a council tax freeze and 45% and 48% income tax rates for higher earners. [64] Fergus Ewing loses his appeal against a week-long suspension from the SNP group at Holyrood in September 2023 after he criticised the party leadership. [65]