Scotland’s Economic and Fiscal Forecasts – May 2025
Our report, Scotland’s Economic and Fiscal Forecasts – May 2025, was published on 29 May 2025 setting out our five-year forecasts of the Scottish economy, tax receipts, social security expenditure and an overview of the Scottish Government’s overall fiscal position.
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.
Some of these documents were revised in November 2025. A log of changes can be found in the Supporting Documents section.
Full Report
Summary
Visual Summary Pages