Fiscal framework outturn report: 2021
The Fiscal Framework Outturn Report 2021 publishes outturn and reconciliation information for Scottish Income Tax, Scottish Landfill Tax, Land and Buildings Transaction Tax and devolved Social Security benefits, as well as updates on borrowing and the Scotland Reserve.
Foreword by the Minister for Public Finance, Planning and Community Wealth
I am pleased to present the fourth annual Fiscal Framework Outturn Report. As Minister for Public Finance, Planning and Community Wealth, I am committed to fulfilling my responsibility to allow Parliament and others to provide effective scrutiny of Scotland's finances.
As with previous years' reports, this document provides information on the reconciliation process for Income Tax, Land and Buildings Transaction Tax, Scottish Landfill Tax, Social Security expenditure and Fines, Forfeitures and Fixed Penalties, as well as operation of the Scotland Reserve and our borrowing powers.
As we continue to implement the powers devolved under the Scotland Act 2016, this report will expand to support Parliament's scrutiny of Scotland's finances. For the first time, this year's report details outturn data for the Social Security benefits that were transferred to Scotland in 2020-21.
Subsequent outturn reports will expand to encompass all the powers devolved under the Scotland Act 2016 as they are introduced, in keeping with our commitment to transparency and accessibility.
Tom Arthur MSP
Minister for Public Finance, Planning and Community Wealth
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