Publication - Factsheet

Fiscal framework: factsheet

Last updated: 3 Nov 2021 - see all updates
Published: 20 Nov 2017

Detailed information about the fiscal framework agreed between the Scottish and UK Governments.

Fiscal framework: factsheet
Technical note

The Fiscal Framework technical note explains how the Fiscal Framework operates in practice.

It covers the evolution of the fiscal powers of the Scottish Parliament and how they operate under the Fiscal Framework, the timelines for reconciliations and how they affect the Scottish Budget, the limits of the borrowing powers and Scotland Reserve, and the Fiscal Framework Review.  

The technical note will be updated periodically to reflect the ongoing implementation of the provisions of the Framework. 



First published: 20 Nov 2017 Last updated: 3 Nov 2021 -