This Fiscal Update, published at the same time as our Scotland’s Economic and Fiscal Forecasts, sets out how the 2022-23 Scottish Budget has changed since it was set in December 2021.

Scotland’s Economic and Fiscal Forecasts May 2022 was published on 31 May 2022 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.