The 2019-20 Provisional Budget Outturn has revealed a 0.7% underspend on a total budget of £34.6 billion, a decrease from 0.9% the previous year, with all of the £258 million underspend carried forward and most having already been deployed.

Borrowing was £45m less than originally planned and the £717m collected from the Scottish Landfill Tax and the Land and Buildings Transactions Tax was the highest since the taxes were fully devolved, despite COVID-19 affecting revenues in March.

Commenting on the figures, Kate Forbes, finance secretary, said: “The provisional outturn demonstrates that the Scottish Government spent more than 99% of our budget in 2019-20 on the delivery of public services and supporting the economy.

“Our sensible financial management has provided us with additional flexibility to deal with the effects of COVID-19 and the sustained and damaging post-Brexit economic uncertainty.

“We will continue to maintain a firm grip on Scotland’s public finances and do all we can to protect Scotland’s economy and ensure that, as a country, we are back on our feet as quickly and as safely as possible.

“We have very limited room for manoeuvre within our budget, which is why I will continue to make the case to the UK Government for both an increase in funding and flexibility to allow the Scottish Government to respond fully to the COVID-19 crisis.”

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