Annual estimate of Scotland’s economy within the UK
The Government Expenditure and Revenue Scotland (GERS) has shown a reduced deficit of 25.3 billion for 2025/26, with the deficit at -10.9% of GDP. Revenues rose by 6.9% to 98.3 billion, while spending reached 123.6 billion. Projections note North Sea revenue fell, and questions about independence’s long-term fiscal path persist.