Independent Scotland might get away with a high deficit – if it’s feeling lucky

Citation

Bell D (2016) Independent Scotland might get away with a high deficit – if it’s feeling lucky. The Conversation. 24.08.2016. https://theconversation.com/independent-scotland-might-get-away-with-a-high-deficit-if-its-feeling-lucky-64409

Abstract
First paragraph: The predictable result of Scotland’s expenditure and revenue data for 2015-16 is that its fiscal deficit is much worse than the UK as a whole. Why predictable? Well, the Scottish economy is much more dependent on the oil industry than the UK overall and the collapse in the oil price since 2014 has led to a massive collapse in the UK government’s revenues from taxing the industry’s profits. Access this article on The Conversation website: https://theconversation.com/independent-scotland-might-get-away-with-a-high-deficit-if-its-feeling-lucky-64409