Scotland’s Economic and Fiscal Forecasts – August 2021

Our report, Scotland’s Economic and Fiscal Forecasts August 2021, was published on 26 August 2021 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. We also released a Fiscal Update, which sets out how the 2020-21 Scottish Budget has changed since January 2021.

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.

These documents were revised on 10 October 2021 to correct some minor issues. None of the forecast numbers are affected. A log of changes can be found in the Supporting Documents section (link).

Following our forecast on 26 August we gave evidence to:

Finance and Public Administration Committee on 31 August 2021

Social Justice and Social Security Committee on 7 October 2021

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