Wednesday 8th February 2012
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(12 years, 3 months ago)
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The Secretary of State for Scotland (Michael Moore)
Subject to parliamentary approval of the necessary supplementary estimate the Scotland DEL will be increased by £361,773,000 from £27,987,779,000 to £28,349,552,000. Within the total DEL change, the impact on resources and capital is set out in the following table:
£’000 | Change | New DEL |
|---|---|---|
Fiscal RDEL | 114,616,000 | 24,955,969,000 |
Ring-fenced Depreciation within RDEL | 9,500,000 | 544,257,000 |
Ring-fenced Student Loans within RDEL | 16,109,000 | 87,487,000 |
Capital DEL | 221,548,000 | 2,761,839,000 |
Resource DEL + Capital DEL | 361,773,000 | 28,349,552,000 |
Less Depreciation | 9,500,000 | 544,257,000 |
Total DEL | 352,273,000 | 27,805,295,000 |
The increase in the Scotland DEL takes account of the following adjustments to the Scottish Government provision:
A DEL carry forward of £130,000,000 (£30,000,000 resource and £100,000,000 capital);
Barnett consequentials of £90,194,000 (£69,206,000 resource and £20,988,000 capital);
Increase of £15,970,000 (£15,410,000 resource and £560,000 capital) in lieu of Barnett consequentials in settlement of the Olympics dispute;
£50,000,000 towards the upgrading of the ScotRail sleeper services;
A pre-payment transfer for the Forth replacement crossing of £50,000,000;
An increase in the student loans subsidy of £16,109,000; and
Additional depreciation of £9,500 for Highlands & Islands Airports Limited following
its change from a public corporation to a central Government body.