All the updated news related to scottish fiscal commission

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Scotland

Committee urges Swinney to publish budget on December 15

Holyrood’s Finance and Public Administration Committee has urged the Deputy First Minister to publish the draft budget on December 15. John Swinney, who is in charge of Scotland’s finances while Finance Secretary Kate Forbes is on maternity leave, ...

05 Oct 2022 at 16:50

Scotland

New Scottish ‘Treasury’ department needed to improve growth, says economist

Scotland needs a new Government department similar to the Treasury along with a more powerful investment bank, an economist has recommended. In a paper for Gordon Brown’s Our Scottish Future think tank, John McLaren said a long-term plan was ...

22 Sept 2022 at 01:01

Scotland

Almost quarter of a million more Scots could be higher rate taxpayers by 2027-28

Almost a quarter of a million Scots could become higher rate tax payers in the next few years if no changes are made to the threshold, experts have said. The Scottish Fiscal Commission (SFC), the country’s official, independent economic and ...

01 Jun 2022 at 14:50

Scotland

Funding for Government departments to drop 8% by 2026, says forecaster

Funding available for Scottish Government departments other than health and social security is forecast to fall by 8% in real terms by 2026. The Scottish Fiscal Commission (SFC), an independent fiscal institution, has published its latest ...

31 May 2022 at 18:19

Scotland

Scotland’s GDP to grow more slowly than UK over 50 years, projections suggest

Scotland’s GDP is projected to grow more slowly than the UK over the next 50 years, according to the Scottish Fiscal Commission (SFC). The independent body, which publishes economic and fiscal projections for Scotland’s economy to inform ...

30 Aug 2022 at 17:39

Scotland

Scottish budget to be published on December 15, Swinney confirms

The Scottish Government will unveil its draft budget for the coming year on December 15. Deputy First Minister John Swinney – who is responsible for the finance and economy brief while Finance Secretary Kate Forbes is on maternity leave ...

06 Oct 2022 at 12:48

Scotland in recession and household incomes set to decline – fiscal commission

The Scottish economy entered recession this year and real household income is expected to see its sharpest decline since records began in 1998, experts have said. The forecast from the Scottish Fiscal Commission was published alongside ...

15 Dec 2022 at 18:34

Scotland

‘No silver bullet’ to deal with long-term fiscal gap, MSPs told

There is “no silver bullet” such as pension reforms which will address Scotland’s annual budget shortfall in the long term, MSPs have heard. A report from the Scottish Fiscal Commission (SFC) last week said Scotland could face an ...

28 Mar 2023 at 12:54

Scotland

Scotland could face £10bn budget shortfall in 50 years, experts warn

Scotland could be facing an annual budget shortfall of £10 billion within 50 years, a major new report has warned. Outgoing Deputy First Minister John Swinney said the report, from the Scottish Fiscal Commission (SFC), shows ...

22 Mar 2023 at 16:54

Scotland

Social protection only area seeing ‘rapid’ spending growth, analysis finds

Social protection is the only area of the Scottish Government’s spending plans which has seen rapid and steady growth in real terms over the last three years, an analysis has found. The independent Scottish Fiscal ...

23 Jan 2024 at 16:12

Scotland

Mental health issues linked to costs crisis see more claim benefits, MSPs told

Mental health conditions stemming from the cost-of-living crisis may be causing an increase in people going on to disability benefits, MSPs have heard. The Scottish Fiscal Commission (SFC) also suggested rising ...

11 Jan 2024 at 11:28

Scotland

Weaker economic growth costing Scottish Government almost £700m, say experts

The Scottish Government could be losing out on almost £700 million of revenue from income tax because of weaker economic growth north of the border. The Scottish Fiscal Commission (SFC) – which as part of its ...

25 Jan 2023 at 17:07

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