Government figures highlight Scotland’s challenging fiscal position

The Scottish Government has published its latest Government Expenditure & Revenue (GERS) Scotland report which, according to the Scottish Council for Development and Industry (SCDI), highlights the country’s challenging fiscal position. 
Claire Mack, director of Policy & Place at SCDI, said: “These GERS figures highlight our challenging fiscal position and the need to prioritise increasing productivity, innovation, and internationalisation of businesses across every sector of the economy.
“The impact of the low oil price and lower growth highlights the need to ensure businesses are able to take the steps necessary to improve their competitiveness if there are to endure in this new environment – especially with the prospect of Brexit.
“The stark numbers of this report show the importance of addressing the structural weaknesses of our economy, grasping technological change, and improving the agility of businesses and the public sector to respond and shape new trends and opportunities.
“SCDI will continue to do all we can to support our members and push for reforms to strengthen Scotland’s economic resilience.”
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Hannah Hamilton, who is a former Fife College student, is a reporter and assistant content editor for Scotland B2B, specialising in B2B news and features. She can be contacted via editorial@scotlandb2b-eastcoast.co.uk