The annual Government Expenditure and Revenue Scotland (GERS) figures revealed the deficit north of the border is almost double the rest of the UK’s.
The oil price slump has hit the economy hard but, thanks to still being part of the UK, the £14.9 billion deficit can be more easily managed.
Scotland’s deficit is 9.7 per cent of GDP, where-as the UK’s is just 4.9 per cent.
That means there is a £7.4 billion gap – equalling roughly £1400 per person in Scotland – between the two economies.
Had Scotland voted Yes in 2014, it would be 15 days away from going it alone, with an extremely bleak financial outlook.
Today, the Scottish Conservatives will contact thousands of No voters by email and social media to thank them for securing a more stable future for the country in the referendum.
Scottish Conservative finance spokesman Murdo Fraser said:
“The bottom line is that, in good times and bad, Scotland, England, Wales and Northern Ireland are better off in one Union, facing global challenges together.
“Figures for individual years will differ, but that central fact doesn't change.
“These figures today illustrate the impact of the falling oil price on Scotland's balance sheet.
“They also shed new light on the SNP's deception before the referendum.
“During that referendum debate, the SNP was warned repeatedly by us that they were over-estimating the future value of oil.
“But instead, Nicola Sturgeon and others cited the good years to claim we would all be £500 better off, and wilfully ignored the bad years because it didn't fit with their plan.
“Had their con succeeded, we would now be only 15 days away from separating the most successful political Union in history in favour of a leap into the dark.
“Alex Salmond's former right hand man at the Scottish Government has now admitted that their case for independence is dead.
“If the SNP had any humility, it would accept he's right - and apologise to people in Scotland for trying to dupe us two years ago."