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Publication - Factsheet

Fiscal framework: factsheet

Last updated
14 June 2024 - see all updates
Topic
Money and tax, Public sector

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

Governance

The Joint Exchequer Committee (JEC) is a Scottish and UK governmental ministerial committee, which  governs the implementation, operation and review of the fiscal framework and fiscal matters relating to the Scotland Act 2016. The JEC can also discuss any other issues arising which Ministers from either government refer to the JEC.

The JEC is supported by meetings of the Joint Exchequer Committee (Officials), or JEC(O), which is the officials level version of the JEC.

JECs also play a role in the dispute resolution process. If a difference of view between the Scottish and UK governments cannot be settled at working level, it would become a dispute and be referred to senior officials (at Director level or above), including consideration at JEC(O). If no resolution can be reached, the matter becomes a formal dispute and would be referred to Ministers to be raised and discussed at a meeting of the JEC.

The JEC Terms of Reference and JEC(O) remit is outlined in Annex D and Annex E of the 2023 fiscal framework agreement.

Contact

Email: ceu@gov.scot

First published
20 November 2017
Last updated
14 June 2024 - show all updates

  1. Multiple pages updated.

  2. Multiple pages updated.

  3. Publications page updated with text and link to statement.

  4. Publications page updated with text and link to statement.

  5. Minor update to amend link to annex 'B' in Scottish Government’s Medium Term Financial Strategy.

  6. Added link to the Scottish Government’s Medium Term Financial Strategy.

  7. Added link to letter to the Chief Secretary to the Treasury regarding agreement in principle to commission an independent report on the Block Grant Adjustment arrangements on publications page.

  8. Added link to 22 July letter about the income tax reconciliation process and the provisional 2019-20 income tax reconciliation.

  9. Added link to 15 March letter about the BGAs for the Scottish Budget 2021-2022 on publications page.

  10. Updated following the Scottish Budget 2021-2022.

  11. Link to 23 December letter regarding fiscal powers and flexibility added to publications page.

  12. Link to 7 December letter regarding fiscal powers and flexibility added to publications page.

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