The SPICe briefing on the Scottish Budget 2022-23 notes that, “where the SFC’s tax forecasts are higher than the offsetting BGA for taxes, the Scottish Budget is better off than it would be without fiscal devolution [and] therefore, the converse is also true – if the SFC tax forecasts are lower than the offsetting tax BGA, the Scottish Budget is worse off than it would have been without fiscal devolution.”1SPICe Briefing on the Scottish Budget 2022-23. (2021, December).