Scotland’s Economic and Fiscal Forecasts – May 2022

Our report, 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. We also released a Fiscal Update, which sets out how the 2022-23 Scottish Budget has changed since our December 2021 forecast publication.

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.

Following publication of our forecasts on 31 May 2022, we gave evidence to:

The Finance and Public Administration Committee on 7 June

The Social Justice and Social Security Committee on 9 June