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"This shows the folly of relying on oil to anchor the economy. If the SNP want an honest debate about a separate Scotland, they need to be honest about Scotland's finances."

Labour finance spokesman Richard Baker said: "These figures show the huge economic risks of independence and starkly illustrate the volatility of oil.

SNP finance secretary John Swinney said: "Scotland has now been in a stronger financial position than the UK as a whole for each of the last five years."

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´╗┐Independent Scotland would have been

Despite the slump, the black hole in Scotland's finances was not quite as bad, in relative terms, as the rest of the UK's.

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The figure was based on Scotland receiving our geographical share of oil revenues, the North Sea wealth that underpins First Minister Fendi Tube Wallet On Chain Alex Salmond's economic case for independence.

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itself via North Sea oil revenues, a claim blown apart by these figures.

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Government Expenditure and Revenue in Scotland report, out yesterday, showed the huge gap between UK public spending for Fendi Card Case Sale

The report estimated that Scotland benefitted from 62billion of public spending last year, including our share of interest payments on the UK national debt.

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The GERS report is widely accepted as giving the most accurate picture of an independent Scotland's finances.

Tory spokesman Gavin Brown said: "The SNP continually tell us a separate Scotland would pay for Fendi Bag Mytheresa

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"If the SNP want to make the case for separation, they have to tell us how they would balance the books by raising taxes, cutting spending or borrowing even more money."

An independent Scotland would have plunged 14billion into the red last year, according to the SNP government's own figures.

Revenue raised in Scotland, including oil cash, was 48 billion.

Scotland and taxes raised here in 2009 10.

The deficit has crept up from 2.1billion in 2005 6 and 4billion in 2008 9. The slump followed a sharp fall in oil revenue, from 13billion in 2008 9 to 6.5billion last year.

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