The Scotland Act 1998 (Increase of Borrowing Limits) Order 2025
Source: legislation.gov.uk (2025-06-27)

This Order amends the Scotland Act 1998 (c. 46) to increase the resources borrowing limit set out in section 67(2) from £1,779.351 million to £1,834.303 million, and the capital borrowing limit set out in section 67A(1) from £3,050.316 million to £3,144.519 million. This Order revokes the Scotland Act 1998 (Increase of Borrowing Limits) Order 2024 which has been superseded by this Order.

Statutory Instruments

2025 No. 759

CONSTITUTIONAL LAW

DEVOLUTION, SCOTLAND

The Scotland Act 1998 (Increase of Borrowing Limits) Order 2025

Made

24th June 2025

Coming into force in accordance with article 1(2)

The Secretary of State, with the consent of the Treasury, makes this Order in exercise of the powers conferred by sections 67 (\"https://www.legislation.gov.uk/ukpga/1998/46/section/67\")(3) (\"https://www.legislation.gov.uk/ukpga/1998/46/section/67\") and 67A (\"https://www.legislation.gov.uk/ukpga/1998/46/section/67A\")(2) (\"https://www.legislation.gov.uk/ukpga/1998/46/section/67A\") of the Scotland Act 1998 (\"https://www.legislation.gov.uk/ukpga/1998/46\")(1 (\"#f00001\")).

A draft of this Order has been laid before and approved by resolution of the House of Commons in accordance with paragraphs 1 (\"https://www.legislation.gov.uk/ukpga/1998/46/schedule/7/paragraph/1\") and 2 (\"https://www.legislation.gov.uk/ukpga/1998/46/schedule/7/paragraph/2\") of Schedule 7 (\"https://www.legislation.gov.uk/ukpga/1998/46/schedule/7\") to the Scotland Act 1998 (\"https://www.legislation.gov.uk/ukpga/1998/46\")(2 (\"#f00002\")).

Citation, commencement and extent

1.—(1) This Order may be cited as the Scotland Act 1998 (Increase of Borrowing Limits) Order 2025.

(2) It comes into force on the day after the day on which it is made.

(3) It extends to England and Wales, Scotland and Northern Ireland.

Amendments to the Scotland Act 1998

2.—(1) The Scotland Act 1998 is amended as follows.

(2) In section 67(2) (lending under section 66(1)), for “£1,779.351 million” substitute “£1,834.303 million”.

(3) In section 67A(1) (lending for capital expenditure), for “£3,050.316 million” substitute “£3,144.519 million”.

Revocation of the Scotland Act 1998 (Increase of Borrowing Limits) Order 2024

3. The Scotland Act 1998 (Increase of Borrowing Limits) Order 2024(3 (\"#f00003\")) is revoked.

Kirsty McNeill

Parliamentary Under-Secretary of State

24th June 2025

Scotland Office

We consent

Jeff Smith

Anna Turley

Two of the Lords Commissioners of His Majesty's Treasury

23rd June 2025

Explanatory Note

(This note is not part of the Order)

This Order amends the Scotland Act 1998 (c. 46) (\"http://www.legislation.gov.uk/id/ukpga/1998/46\") to increase the resources borrowing limit set out in section 67(2) from £1,779.351 million to £1,834.303 million, and the capital borrowing limit set out in section 67A(1) from £3,050.316 million to £3,144.519 million. This Order revokes the Scotland Act 1998 (Increase of Borrowing Limits) Order 2024 which has been superseded by this Order.

A full impact assessment has not been produced for this instrument as no, or no significant, impact on the voluntary or public sector is foreseen.

(1)

1998 c. 46 (\"http://www.legislation.gov.uk/id/ukpga/1998/46\"); section 67 was amended by section 32(6) to (9) of the Scotland Act 2012 (c. 11) (\"http://www.legislation.gov.uk/id/ukpga/2012/11\"), section 20(7) of the Scotland Act 2016 (c. 11) (\"http://www.legislation.gov.uk/id/ukpga/2016/11\") and article 2(2) of S.I. 2024/697 (\"http://www.legislation.gov.uk/id/uksi/2024/697\"); section 67A was inserted by section 32(10) of the Scotland Act 2012 and amended by section 20(8) of the Scotland Act 2016 and article 2(3) of S.I. 2024/697 (\"http://www.legislation.gov.uk/id/uksi/2024/697\").

(2)

Schedule 7 was amended by section 32(12) of the Scotland Act 2012 (c. 11) (\"http://www.legislation.gov.uk/id/ukpga/2012/11\"). There are other amendments to this Schedule, but none is relevant.

(3)

S.I. 2024/697 (\"http://www.legislation.gov.uk/id/uksi/2024/697\").