Fiscal framework: factsheet

23 December 2020: Letter to Finance Committee: correction to Block Grant Adjustments for the Scottish Budget 2021-2022

This letter to Finance and Constitution Committee details that the Office for Budget Responsibility (OBR) advised of an error in their UK Non-savings Non-dividend, Welsh and Scottish income forecasts which determine the Block Grant Adjustments. It sets out a revised table showing the tax and social security BGAs for the forecasting period with the corrected 2020-21 Income Tax BGA.

7 December 2020: Letter to Finance Committee: Block Grant Adjustments for the Scottish Budget 2021-2022

This letter to Finance and Constitution Committee details how the updated UK Government tax revenue and social security expenditure forecasts, published by the Office for Budget Responsibility (OBR) on November 25 2020, inform the provisional Block Grant Adjustments (BGAs) for the Scottish Budget 2021-2022.

In addition, it sets out (i) the in-year reconciliations to the 2020-21 Budget for the BGAs for Land and Buildings Transaction Tax (LBTT), Scottish Landfill Tax (SLfT) and Social Security benefits, and; (ii) the final reconciliation to the 2021-22 Budget relating to 2018-19 Income Tax and the BGAs for 2019-20 LBTT, SLfT, Fines, Forfeitures and Fixed Penalties, and Carer’s Allowance. 

24  June 2020: Coronavirus (COVID-19) - funding and fiscal flexibilities: letter from Cabinet Secretary for Finance to Chief Secretary to the Treasury 

This letter to the Chief Secretary to the Treasury from Cabinet Secretary of Finance sets out a request to the UK Government for temporary additional fiscal powers and flexibility, beyond those currently set out in the Fiscal Framework, to support the Scottish Government’s response to the exceptional economic and fiscal challenges brought about by COVID-19.