GERS is one of the most compelling arguments for Scottish independence because it reveals how unsustainable and unequal the United Kingdom truly is.…
, have no say over how reserved funding is raised through taxation or spent in UK budgets. The people of Scotland have very little influence over these figures either.
Secondly, the commentariat appear to forget that the Scottish Government must fully balance its budget. You cannot run a deficit, nominal, real or otherwise in such circumstances. It always amuses me to hear opposition parties arguing that Scotland has an underspend and a deficit . I’ve never come across a bank account which can be in credit and in debit simultaneously at exactly the same time. But that’s what the opposition parties would you believe.
Scotland does not have resource-borrowing powers to generate a deficit. Those have been denied to Scotland despite repeated requests.The Scottish Government has limited capital borrowing powers for infrastructure projects which is common practice for all governments.
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