FFS explains: what is the GERS report and what can it tell you?

Published annually, the report details the difference between Scotland’s tax revenues and its public service expenditure. This is used to calculate a net fiscal balance. GERS is produced by Scottish Government statisticians, who decide on the methodology used.  The report gives a picture of Scotland’s current public sector revenue and expenditure. The report tells us little about Scotland’s long term financial prospects after independence.