Scottish North Sea revenue collapse

Scotland North Sea revenues has collapsed to £60 million

in 2015-2016 from £1.8 billion of 2014. The North Sea revenue of

Scotland were £11.6 billion in 2008 to 2009.

The last year revenue of

£60 million was smallest on record

since the Scottish parliament

convened 1998 to 1999.

The Scottish Deficit is almost £15 billion and

North Sea oil revenue fall to 97 percent in one year.

The Government and Expenditure Revenue Scotland (GERS)

report shows that oil revenue fell from

£1.8 billion to £60 million

in 2015 - 2016.

the public spending in Scotland totaled £68.6 billion