Fiscal framework: factsheet

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

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.



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