Fiscal framework outturn report: 2019
The second Fiscal Framework Outturn Report forms part of a revised budget process – as recommended by the final report of the Budget Process Review Group - and follows on from May’s publication of Scotland’s Fiscal Outlook: The Scottish Government’s Five Year Financial Strategy.
Foreword by the Cabinet Secretary for Finance, Economy and Fair Work
I am pleased to be able to present the second annual Fiscal Framework Outturn Report. As Cabinet Secretary for Finance, I am committed to fulfilling my responsibility to help Parliament and others provide effective scrutiny of Scotland's finances.
As with last year's report, this document provides information on the reconciliation process for Income Tax, Land and Buildings Transaction Tax and Scottish Landfill Tax, as well as operation of the Scotland Reserve and our borrowing powers.
As we continue to implement the powers devolved under the Scotland Act 2016, this report will expand to support Parliament's scrutiny of Scotland's finances. This year's report therefore also provides information on the Budget impact of Carer's Allowance, Discretionary Housing Payments, and Best Start Grants for the first time, as well as Fines, Forfeitures and Fixed Penalties and Proceeds of Crime.
Subsequent outturn reports will expand to encompass all the powers devolved under the Scotland Act 2016 as they are introduced, in keeping with our commitment to transparency and accessibility.
Derek Mackay MSP
Contact
Email: claire.mcmanus@gov.scot
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