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The 2017-18 spring budget revision: supporting document

Published: 8 Feb 2018
Part of:
Economy, Scottish Budget
ISBN:
9781788515962

Revisions to the level 2 and 3 budgets detailed in the supporting document of the Budget Act 2017 as amended by the Autumn Budget Revision 2017-18.

110 page PDF

882.4kB

110 page PDF

882.4kB

Contents
The 2017-18 spring budget revision: supporting document
Scottish Teachers' and NHS Pension Schemes

110 page PDF

882.4kB

Scottish Teachers' and NHS Pension Schemes

Schedule 2.1 Total Changes for the Spring Budget Revision

Operating Capital Total
£m £m £m
Total Budget in the Autumn Budget Revision 4,521.5 0.0 4,521.5
Changes Proposed
Funding Changes 0.0 0.0 0.0
Technical Adjustments 47.0 0.0 47.0
Net Whitehall transfers 0.0 0.0 0.0
Net Transfers within Scottish Block 0.0 0.0 0.0
Total changes proposed 47.0 0.0 47.0
Proposed Budget following Spring Budget Revision 4,568.5 0.0 4,568.5
Operating Capital Total
£m £m £m
DEL:
Total DEL 0.0 0.0 0.0
AME:
NHS Pensions 2,988.9 0.0 2,988.9
Teachers' Pensions 1,579.6 0.0 1,579.6
Total AME 4,568.5 0.0 4,568.5
Other Expenditure Outside DEL:
Total Other Expenditure Outside DEL 0.0 0.0 0.0
Total Budget 4,568.5 0.0 4,568.5
Total Limit on Income (accruing resources) 2,200.0

Schedule 3.1 NHS Pensions
Details of Proposed Budget

Proposed Changes Operating Capital Total
£m £m £m
Original Budget 2,966.9 0.0 2,966.9
ABR changes 0.0 0.0 0.0
ABR Budget 2,966.9 0.0 2,966.9
Proposed changes 22.0 0.0 22.0
SBR Proposed Budget 2,988.9 0.0 2,988.9
Summary of proposed changes
Increase in pension costs due to indexation and equalisation 22.0 0.0 22.0
22.0 0.0 22.0
Proposed Budget following Spring Budget Revision Operating Capital Total
£m £m £m
Gross Expenditure 4,288.9 0.0 4,288.9
Less: Retained Income -1,300.0 0.0 -1,300.0
Capital Receipts Applied 0.0 0.0 0.0
2,988.9 0.0 2,988.9
Budget Analysis
NHS Pension Scheme Expenditure 4,288.9 0.0 4,288.9
Retained Income from employee and employer contributions and transfers received ( NHS) -1,300.0 0.0 -1,300.0
Net Expenditure 2,988.9 0.0 2,988.9

Schedule 3.2 Teachers' Pensions
Details of Proposed Budget

Proposed Changes Operating Capital Total
£m £m £m
Original Budget 1,554.6 0.0 1,554.6
Proposed changes 0.0 0.0 0.0
ABR Budget 1,554.6 0.0 1,554.6
Proposed changes 25.0 0.0 25.0
SBR Proposed Budget 1,579.6 0.0 1,579.6
Summary of proposed changes
Increase in pension costs due to indexation and equalisation 25.0 0.0 25.0
25.0 0.0 25.0
Proposed Budget following Spring Budget Revision Operating Capital Total
£m £m £m
Gross Expenditure 2,241.6 0.0 2,241.6
Less: Retained Income -662.0 0.0 -662.0
Capital Receipts Applied 0.0 0.0 0.0
1,579.6 0.0 1,579.6
Budget Analysis
Teachers' Pension Scheme Expenditure 2,241.6 0.0 2,241.6
Teachers' Retained Income from employee and employer contributions and transfers received -662.0 0.0 -662.0
Net Expenditure 1,579.6 0.0 1,579.6

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