Funding for 2022-23 includes £294.4m for Scottish Child Payment and other family benefits, including Best Start Grants, Best Start Foods and Bridging Payments.

The Scottish Government has also allocated £64m for universal provision of free school meals during term time for children in P4 and P5 and alternative holiday provision for eligible children. A total of £306m has also been set aside for concessionary travel.

A further £437m has also been made available to help with household bills via Council Tax Reduction and Water Charge Reduction.

Shona Robison, social justice secretary, said: “Within our limited budget, we have allocated almost £3 billion in this financial year to help families and households face the increased cost of living. This includes support for energy bills, childcare, health and travel, as well as social security payments not available anywhere else in the UK.

“We are increasing our Scottish Child Payment to £25 per child per week when we extend it to under 16s by the end of 2022. This will mean a 150% increase in less than a year and around 400,000 children eligible for this vital anti-poverty benefit.

“Westminster holds most of the powers needed to tackle the cost of living crisis as well as borrowing and resourcing powers we do not currently have. This includes energy, the minimum wage, National Insurance and 85% of social security spending.”

She added: “The UK Government’s decade of austerity and welfare reforms have placed people in a particularly precarious position. That is why we have continually urged them to use all the powers and fiscal headroom at their disposal to put together a comprehensive action plan to address the long term impacts of rising prices and provide immediate support to struggling households.

“In the meantime we will continue to use our limited budget and constrained powers to work for people and help cushion the impact of UK Government policies.”