Scotland’s Economic and Fiscal Forecasts – December 2024

Our report, Scotland’s Economic and Fiscal Forecasts – December 2024, was published on 4 December 2024 setting out our five-year forecasts of the Scottish economy, tax receipts, social security expenditure and an assessment of whether the Scottish Government’s projections of borrowing are reasonable.

The summary of our report sets out the forecasts produced and the main assumptions and judgements that underpin them. We have also produced a Quick Visual Guide to help users quickly understand our forecasts.

These documents were revised on 22 January 2025 to correct some minor errors in fiscal overview estimates. A log of changes can be found in the Supporting Documents section (link).

These documents were revised on 22 January 2025 to correct some minor issues errors in public funding forecasts fiscal overview estimates. A log of changes can be found in the Supporting Documents section (link).