We use cookies to collect anonymous data to help us improve your site browsing experience.

Click 'Accept all cookies' to agree to all cookies that collect anonymous data. To only allow the cookies that make the site work, click 'Use essential cookies only.' Visit 'Set cookie preferences' to control specific cookies.

Set cookie preferences

Your cookie preferences have been saved. You can change your cookie settings at any time.

Publication - Factsheet

Fiscal framework: factsheet

Last updated
4 December 2024 - see all updates
Topic
Money and tax, Public sector

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

Technical note

The fiscal framework technical note explains how the fiscal framework operates in practice.

It covers the evolution of the fiscal powers of the Scottish Parliament and how they operate under the fiscal framework, the timelines for reconciliations and how they affect the Scottish Budget, the limits of the borrowing powers and Scotland Reserve, and the fiscal framework review.  

The technical note will be updated periodically to reflect the ongoing implementation of the provisions of the framework.

Contact

Email: ceu@gov.scot

First published
20 November 2017
Last updated
4 December 2024 - show all updates

  1. Information added to the updates page.

  2. Information added to the updates page.

  3. Multiple pages updated.

  4. Multiple pages updated.

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

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

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

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

  9. 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.

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

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

  12. Updated following the Scottish Budget 2021-2022.

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

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

Back to top