The UK and Scottish governments are currently embroiled in a debate on whether or not Scotland would be wealthier if it becomes independent, the BBC reported.
The debate comes at a time Scottish citizens prepare for a September referendum on the country's independence. Both governments argue Scotland would be "better off with us," the BBC reported.
According to the Scottish government, citizens would have 1,000 pounds, or $1,600, more each year if the country were to split from the UK.
"We put forward the benefit over a period of 15 years," Scottish First Minister Alex Salmond said according to the BBC. "We calculate that each individual in Scotland being 1,000 (pounds) better off- that's a 5 billion (pound) bonus, or a family 2,000 (pounds) better off a year."
But British officials say the Scots would have 1,400 pounds, or $2,300, more in their pockets if they stay with the United Kingdom. The government said it would cost Scotland billions to set up the administrative departments it needs, not to mention other challenges including its ageing population and dwindling revenue from oil.
"They're desperately trying to distract attention from that fundamental question, that there simply wouldn't be the same level of resources available for public services if Scotland were independent," Chief Secretary to the Treasury Danny Alexander said according to the BBC.
The UK, comprised of England, Wales, Scotland and Northern Ireland, has devolved certain powers to Scotland in the last two decades. Scotland controls matters of health, education and rural affairs, while national concerns including immigration and foreign policy are still controlled by the UK government in England.
Salmond said Scotland is one of the wealthiest countries in the world, The Guardian reported.
"But we need the power of independence to ensure that that wealth properly benefits everyone in our society. That wealth means we will start life as an independent nation with strong finances and huge economic potential," the first minister said.
