- 12 Sep 2019
Date received: 14 Aug 2019
Date responded: 10 Sep 2019
1. Does the Scottish Government have a risk register and/or a list of businesses and/or individuals that it considers to be an investment risk?
2. What analysis has been done of financial risk to the Scottish Government in terms of bad debt and or bad loans? Please provide this analysis.
The Scottish Government carries out due diligence to assess the risk of any potential investment prior to any decision to invest and actively monitors the performance of its investments. The Scottish Government follows the guidance and criteria on assessing the level of risk in investments contained in the Scottish Public Finance Manual, which is available publically at https://www.gov.scot/publications/scottish-public-finance-manual/.
As part of its accounting year end proceedures the Scottish Government conducts a review of its bad debt or bad loans. This information is published annually in the Scottish Government’s Consolidated Accounts and is available publically. The last published consolidated accounts were for the year ending 31 March 2018 and are available on the Scottish Government website at https://www.gov.scot/publications/scottish-government-consolidated-accounts-year-ended-31-march-2018/. The Consolidated Accounts for the year ending 31 March 2019 will be published in September.
The Scottish Government is committed to publishing all information released in response to Freedom of Information requests. View all FOI responses at http://www.gov.scot/foi-responses.
Please quote the FOI reference
Central Enquiry Unit
Phone: 0300 244 4000
The Scottish Government
St Andrews House