Scottish Spending Review 2011 and draft budget 2012 - 13
Date: 21st September 2011
Category: Basic Health and Welfare, Education, Leisure and Cultural Activities, Policies & procedures
Author: Scottish Government
The Scottish Government has published its Spending Review 2011 and Draft Budget 2012-13. It sets out Scottish public spending plans for the next three financial years and targets investment to increase sustainable economic growth and transform public services.
- Capital investment
Scotland's Finance Secretary John Swinney said: "In this document, I present Scotland's spending plans from 2012-13 to 2014-15 together with the Draft Scottish Budget 2012-13 for consultation with the Scottish Parliament and the people of Scotland.
"When this Government was first elected in 2007, we made clear that we would direct all our efforts to making Scotland a more successful country, with opportunities for all to flourish through increasing sustainable economic growth.
"Over the last four years, we have tackled head-on the significant challenges presented by the downturn in the global economy and taken forward an ambitious programme of reform of our public services. All of this has been undertaken within the context of the most dramatic reduction in public spending ever imposed on Scotland by the UK Government.
In 2011-12, we have already been forced to reduce public spending by £1.3 billion, with a 22.9 per cent cash reduction to our capital budget. Under the plans that the UK Government announced in its October 2010 Spending Review, between 2010-11 and 2014-15, we face real terms resource budget reductions of 9.2 per cent and a real terms cut to our capital budget of 36.7 per cent."