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(3) and 67A(2) of the Scotland Act 1998(1).
A draft of this Order has been laid before and approved by resolution of the House of Commons in accordance with paragraphs 1 and 2 of Schedule 7 to the Scotland Act 1998(2).
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) 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
1998 c. 46; section 67 was amended by section 32(6) to (9) of the Scotland Act 2012 (c. 11), section 20(7) of the Scotland Act 2016 (c. 11) and article 2(2) of S.I. 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.
Schedule 7 was amended by section 32(12) of the Scotland Act 2012 (c. 11). There are other amendments to this Schedule, but none is relevant.