---
title: "Scotland’s Deficit Expands as North Sea Revenues Plummet"
publisher: "Share Talk"
author: "sharetalk"
published: "2024-08-14T14:30:12+00:00"
modified: "2024-08-14T14:30:12+00:00"
date: 2024-08-14
canonical: "https://www.share-talk.com/scotlands-deficit-expands-as-north-sea-revenues-plummet/"
category: "B2B"
categories: ["B2B", "Blogs", "Business & Support Services", "Energy"]
tags: ["FTSE 100", "gas", "GDP", "GERS", "Inflation", "London", "North Sea", "oil", "Scotland", "Scottish government", "Shona Robison", "UK", "UK deficit"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/12/Oil-Trinidad-750x406-1.jpg?fit=750%2C406&quality=89&ssl=1"
format: "news"
language: "en-GB"
---

# Scotland’s Deficit Expands as North Sea Revenues Plummet

**Published:** August 14, 2024
**Author:** sharetalk
**Categories:** B2B, Blogs, Business & Support Services, Energy
**Tags:** FTSE 100, gas, GDP, GERS, Inflation, London, North Sea, oil, Scotland, Scottish government, Shona Robison, UK, UK deficit
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/12/Oil-Trinidad-750x406-1.jpg?fit=750%2C406&quality=89&ssl=1)

---

Scotland’s deficit has risen by more than £4.5 billion in the past year, as North Sea oil and gas revenues have halved, according to recent data.

The Government Expenditure and Revenue Scotland (GERS) report reveals a net fiscal deficit of £22.7 billion for 2023-24, up from just over £18 billion the previous year.

As a percentage of GDP, the deficit has increased from 8.4% to 10.4%, while the UK deficit decreased from 5% to 4.5% during the same period.

This increase comes as offshore oil and gas revenues from the North Sea dropped from £9.9 billion to £4.9 billion.

Although total revenue in Scotland rose from £86.9 billion to £88.5 billion, government expenditure per person is £2,417 higher than in the rest of the UK, with an average of £20,418 spent per person north of the border.

Scottish Finance Secretary Shona Robison stated that the deficit is “not a reflection on the finances or policies of the Scottish Government – it is a reflection of UK Government choices.” She added, “As an independent nation, we would have the power to make different choices.”

---

**Original URL:** https://www.share-talk.com/scotlands-deficit-expands-as-north-sea-revenues-plummet/
*Created by [WP Markdown Endpoint](https://wpmarkdownendpoint.com/)*