CBI Scotland responds to the latest Government Expenditure and Revenue Scotland (GERS) figures.
Tracy Black, CBI Scotland Director, said:
“That Scotland’s overall fiscal position has improved for a third year in a row is obviously welcome, as is the fact that onshore revenues have increased at the fastest pace since 2010-11.
“While things are moving in the right direction, there’s absolutely no room for complacency, particularly as Scotland still lags way behind the rest of the UK when you look at the deficit as a percentage of GDP.
“The inescapable fact is that Scotland spends more than it raises in taxation is a timely reminder of why a thriving and competitive private sector is essential for funding the kind of public services we all want to see.”