The latest round of Government Expenditure and Revenue Scotland (GERS) figures have been released, yet again revealing the strong financial position Scotland is in. The GERS aim to enhance public understanding of fiscal issues in Scotland by setting out clear statistics which show the public finances of Scotland, while also comparing them to the UK as a whole.
Speaking on these positive figures, Paisley’s MSP George Adam commented;
“The figures released by Scotland’s Chief Statistician for 2011-12 make very interesting reading and yet again highlight the positive case for an independent Scotland. During 2011-12, Scotland contributed 9.9% of the total UK public sector revenue. This would have meant that over the last year, our stronger financial position could have seen Scotland better off to the tune of £824 per person, or a total of £4.4 billion.
‘With regards the deficit, the current UK deficit is 6% of GDP or £93.3 billion. Including our North Sea revenues, Scotland’s current deficit would be £3.4 billion or 2.3% of GDP. It is important to mention North Sea oil and gas because so much nonsense has been written about the amount left. They remain substantial and have a wholesale value of up to £1.5 trillion, which is more than 10 times Scotland’s share of the UK deficit. This is a deficit which was built up by successive Westminster Governments that Scotland’s voters did not elect.
‘I ask the people of Paisley to look at these figures, many have asked me what independence will mean financially for them and their families. It would mean that as a country, 8.3% of the UK population, we would no longer be giving away 9.9% of our public sector revenue to receive 9.3% back.
‘With independence, we would control the fiscal levers we need to suit our own economic circumstances, and maximise Scotland’s potential to secure new investment and jobs. On the day that our Deputy First Minister is in London to demand that the UK Government’s ‘Bedroom Tax’ is scrapped and not imposed on Scotland in the same way Margaret Thatcher imposed the ‘Poll Tax’, these figures are yet another strong and positive example for how Scotland could more than support herself as an independent country and would be better off as a result.”