"Prof Mairi Spowage emphasized that the next government would need to have a reckoning after the 7 May election, as the previous administration consistently spent more than it received from core funding sources."
"The analysis from the Fraser of Allander Institute shows that Scottish public spending has grown by 3.9% annually since 2019, while income from taxes and grants has only increased by 3.6%."
"Spowage noted that the parties have engaged in a collective bout of fiscal denial, with manifestos containing commitments that do not adequately address the financial challenges ahead."
The next Scottish government will face challenging budget decisions due to a large public sector pay bill and a significant spending shortfall. Economists from the Fraser of Allander Institute indicate that previous administrations overspent, relying on non-recurring funds. The upcoming government may need to cut spending to address a projected £5 billion gap between commitments and income by the decade's end. Public spending in Scotland has outpaced income growth, necessitating urgent fiscal adjustments.
Read at www.theguardian.com
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