Information

Scotland's Fiscal Outlook: the Scottish Government's five-year financial strategy

The medium-term financial strategy is a key part of the revised Parliamentary budget process that has arisen out of the Budget Process Review Group.


Footnotes

1. https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/479717/statement_of_funding_2015_print.pdf

2. http://www.legislation.gov.uk/ukpga/2012/11/contents/enacted

3. http://www.legislation.gov.uk/ukpga/2016/11/contents/enacted

4. https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/503481/fiscal_framework_agreement_25_feb_16_2.pdf

5. http://www.gov.scot/Resource/0053/00531596.pdf.

6. http://www.gov.scot/Topics/Government/Finance/spfm/Intro

7. https://www.resolutionfoundation.org/app/uploads/2018/03/Spring-Statement-response.pdf

8. See OBR March 2018 Economic and Fiscal Outlook: http://cdn.obr.uk/EFO-MaRch_2018.pdf page 185.

9. http://www.fiscalcommission.scot/media/1196/scotlands-economic-fiscal-forecasts-publication.pdf

10. http://www.gov.scot/Resource/0053/00531087.pdf

11. Scotland’s Economic Strategy 2015

12. Fraser of Allander Economic Commentary: https://www.sbs.strath.ac.uk/economics/fraser/20180328/FEC_Vol_42_No_1.pdf
EY Scottish ITEM Club 2018 Forecast : http://www.ey.com/Publication/vwLUAssetsPI/ey-scottish-item-club-2018-forecast/$FILE/ey-scottish-item-club-2018-forecast.pdf
PWC UK Economic Outlook : https://www.pwc.co.uk/economic-services/ukeo/pwc-ukeo-march18-full-report.pdf
Scottish Fiscal Commission : http://www.fiscalcommission.scot/publications

13. The Scottish Government National Performance Framework

14. The Gini co-efficient is a measure of how equally income is distributed across the population. It takes a value between 0 and 100 where 0 represents perfect equality. In 2015-16, the Gini co-efficient for Scotland was 34. World Bank figures show a range from around 60 (South Africa) to around 25 (Norway).

15. This includes £34 million agreed at Stage 1 of the 2018-19 Budget Bill which was paid in 2017-18.

16. http://www.gov.scot/Resource/0053/00535569.pdf

17. http://www.gov.scot/Topics/Government/Finance/18232/12308/NPDhubPipelinepayments

18. Infrastructure Investment Plan 2015

19. http://www.gov.scot/Topics/Government/Finance/18232/IIP/IIPProjectPipelineUpdate

20. http://cdn.obr.uk/EFO-MaRch_2018.pdf

Contact

Back to top