KeithW wrote: ↑Thu Apr 25, 2019 11:27
Norway is resource rich having lots of petroleum and hydro electric power - statistics tell the story
Country GDP per Capita
Norway $73,450
Scotland $43,740
The bottom line is Norway has more money to spend.
Since Scotland and Norway's funding and reporting models are vastly different that's hardly surprising.
Since the UKs revenue generation from Norway is structured different that's also hardly surprising.
And also depending on which figures you've used that may or may not include Oil and Gas;
Scottish figures always have the caveat *Disnae include Oil and Gas, attached to them, it's seen as a UK wide resource.
Amazingly Malt Whisky makes an appearance on London's figures too, the manufacture may be geographically protected that doesn't stop it being treated as a London Export.
Figures aren't collected in a manner that allows you to figure it out either.
What's significant about Norway is they used the oil money to pay off debts and then started using it to invest.
Their fund is now weaning itself off of the oil revenues as the North sea starts to get more difficult to extract from.
Handling for the UK, the oil paid off loads of debts but then the UK went on an epic spending spree with general revenues in general, and finds itself skint again.
But instead of raising more revenue from what it does take money in from, it cut that and then massivley cut what's spent by government too, but is still digging deeper into debt.