The Scottish Government's Medium-Term Financial Strategy

List of Acronyms

AfC : Agenda for Change

BGA : Block Grant Adjustment

BMW : Biodegradable Municipal Waste

CDEL : Capital Departmental Spending

COSLA : Convention of Scottish Local Authorities

CSR : Capital Spending Review

FFFP : Fines, Forfeitures and Fixed Penalties

FT : Financial Transactions

FTE : Full Time Equivalent

GDP : Gross Domestic Product

HM : His Majesty's

HMRC : His Majesty's Revenue and Customs

HMT : His Majesty's Treasury

IFS : Institute for Fiscal Studies

IMF : International Monetary Fund

INTOG : Innovation and Targeted Oil & Gas

LBTT : Land and Buildings Transaction Tax

MTFS : Medium-Term Financial Strategy

MSP : Member of the Scottish Parliament

NDR : Non-Domestic Rates

NHS : National Health Service

NIM : National Infrastructure Mission

NLF : National Loans fund

NSET : National Strategy for Economic Transformation

NZET : Net Zero, Energy and Transport

OBR Office for Budget Responsibility

ONS : Office for National Statistics

PIP : Personal Independence Payment

PSCE : Public Sector Current Expenditure

PSGI : Public Sector Gross Investment

RDEL : Resource Department Spending

RSR : Resource Spending Review

rUK: Rest of the UK

SDLT : Stamp Duty Land Tax

SFC : Scottish Fiscal Commission

SIT : Scottish Income Tax

SLfT : Scottish Landfill Tax

UKG : UK Government

VAT : Value Added Tax