Scotland's finances

[minestrone]

Not exactly good are they.

BBC News - Public finance figures reignite debate on Scotland's future

[minestrone]

When are the CUK krankies turning up for this debate?

[minestrone]

When our tax income drops by 1000 per head on the next audit I can imagine the SNP won't be saying much.

[zemoxyl]

The Carmen Reinhart and Ken Rogoff (R&R) paper purported to show that countries with debt-to-GDP ratios above 90 percent see sharply slower growth rates, and has been widely cited in policy discussions in the United States and Europe and used as a rationale for a near-term focus on deficit reduction. Politicians and policy analysts relied on the results of this paper to insist on spending cuts and tax increases even in economies that are operating at levels of output far below full employment. Based on R&R’s findings, they argued that it was important to keep debt levels from crossing the 90 percent threshold.

Yep. Getting close to that 90% point of no return.

[DodgyAgent]

The party's finance spokesman Gavin Brown said "Scotland is part of a family where everyone puts in and shares the proceeds.

The SNP response to hard facts

[Unix]

Wait till the oil price goes back up, then who will be laughing?????

[BrilloPad]

In 2013/14, people in Scotland paid £400 more in tax than the UK as a whole but they also received £1,200 more in spending.

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Would that extra spending be on benefits or healthcare?

[vetran]

Wait till the oil price goes back up, then who will be laughing?????

OPEC?

[sal]

Wait till the oil price goes back up, then who will be laughing?????

In 2013/14, people in Scotland paid £400 more in tax than the UK as a whole but they also received £1,200 more in spending.

Oil prices weren't that low back then...

Basing your whole economy on Oil, without having a massive cash reserves as the more seasoned "players" like the Norway and the Middle east, can have a catastrophic results as evident by the current state of the Russian Economy.

[DodgyAgent]

Oil prices weren't that low back then...

Basing your whole economy on Oil, without having a massive cash reserves as the more seasoned "players" like the Norway and the Middle east, can have a catastrophic results as evident by the current state of the Russian Economy.

And those countries have huge sovereign wealth funds to invest in other assets - whereas Scotland .... has SFA How much of the tax revenues come from public sector workers who are funded by tax in the first place?