Scotland's Fiscal Outlook: The Scottish Government's Medium-Term Financial Strategy
This is the fifth Medium-Term Financial Strategy (MTFS) published by the Scottish Government and provides the context for the Scottish Budget and the Scottish Parliament. This context will also frame the Resource Spending Review.
List of Acronyms
AGER:
Advisory Group on Economic Recovery
AME:
Annually Managed Expenditure
BPRG:
Budget Process Review Group
BGA:
Block Grant Adjustment
COVID-19:
Coronavirus Disease 2019
CPI:
Consumer Price Index
CSR:
Capital Spending Review
EU:
European Union
FFFP:
Fines, Forfeitures and Fixed Penalties
FT:
Financial Transaction
GDP:
Gross Domestic Product
HM:
Her Majesty's
HMRC:
Her Majesty's Revenue and Customs
HMT:
Her Majesty's Treasury
IIP:
Infrastructure Investment Plan
IPC:
Indexed Per Capita
IT:
Income Tax
LBTT:
Land and Buildings Transaction Tax
MSP:
Member of the Scottish Parliament
MTFS:
Medium-Term Financial Strategy
NDR:
Non-Domestic Rates
NHS:
National Health Service
NIM:
National Investment Mission
NLF:
National Loans Fund
NPF:
National Performance Framework
NSET:
[10-Year] National Strategy for Economic Transformation
NSND:
Non-savings, and non-dividend
OBR:
Office for Budget Responsibility
OECD:
Organisation for Economic Co-operation and Development
ONS:
Office for National Statistics
PAYE:
Pay As You Earn
PfG:
Programme for Government
PIP:
Personal Independence Payment
RPI:
Retail Price Index
REP:
Regional Economic Partnership
RSR:
Resource Spending Review
rUK:
Rest of the United Kingdom (i.e. England, Wales and Northern Ireland)
SDA:
Severe Disablement Allowance
SFC:
Scottish Fiscal Commission
SIT:
Scottish Income Tax
SLfT:
Scottish Landfill Tax
UK:
United Kingdom
UKG:
UK Government
VAT:
Value Added Tax
YOY:
Year on Year
Contact
Email: sophie.osborn@gov.scot
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