Financial Crisis In Scotland Looms As Committee Warns of Impending Resource Gap

A member of Scottish parliament accuses the SNP of ’short-term thinking‘ as the Scottish government confirms it’s considering the committee’s report ’carefully’

First Minister of Scotland Humza Yousaf speaks to the media after First Minster's Questions at the Scottish Parliament in Holyrood, Edinburgh, on June 15, 2023. Jane Barlow/PA Media

Scotland’s finance and public administration committee has highlighted the prospect of the country running out of money in a report.

The committee’s report, released today, underscores the Scottish Government’s projection of a potential £1 billion resource spending gap in 2024/2025, which could escalate to £1.9 billion by 2027/2028. As the nation grapples with significant financial strain, difficult decisions on taxation, spending priorities, and public service reforms are on the horizon.