All the updated news related to scottish fiscal commission

All the news related to scottish fiscal commission updated in real time

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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 forecast ...

31 May 2022 at 18:19

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 – said he ...

06 Oct 2022 at 12:48

Scotland

Scotland’s recession may be shallower than elsewhere in UK , MSPs told

Scotland may experience a slightly shallower recession than the rest of the UK due to relatively lower mortgage debt north of the border, experts have told MSPs. However, the Scottish Fiscal Commission said Scotland and the rest of the UK are ...

20 Dec 2022 at 12:55

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 John ...

15 Dec 2022 at 18:34

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 remit forecasts how much tax ...

25 Jan 2023 at 17:07

Spending on health and net-zero could squeeze future budget, economists warn

Scotland

Spending on health and net zero plans could squeeze future budget, say experts

The Scottish Government could be forced to make cuts of 13% to public services in the next four years if it wants to boost spending on the health service and net-zero policies, a leading financial think tank has said. An analysis by the ...

26 Jan 2023 at 09:25

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

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 ...

22 Sept 2022 at 01:01

Scotland

Westminster choices will fundamentally damage Scottish public services – Robison

Choices made by the UK Government will “fundamentally damage” the ability of the Scottish Government to deliver public services, the country’s Finance Secretary has said. Prime Minister Sir Keir Starmer said in a major ...

27 Aug 2024 at 17:05

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),...

22 Mar 2023 at 16:54

High earners in Scotland to pay £3,000 more in tax than elsewhere in UK

The Scottish Government has increased taxes for the highest paid, with those earning more than £100,000 paying £3,000 more than those in the rest of the UK. A new tax band has been created for next year, Deputy First ...

19 Dec 2023 at 16:05

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 ...

30 Aug 2022 at 17:39

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