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Chamber and committees

Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 5 May 2021
  6. Current session: 12 May 2021 to 20 August 2025
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Displaying 3539 contributions

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Finance and Public Administration Committee

Scottish Fiscal Commission (Economic and Fiscal Forecasts)

Meeting date: 31 August 2021

Kenneth Gibson

Absolutely. Daniel Johnson is just warming up for the cabinet secretary鈥攄o not worry.

Finance and Public Administration Committee

Scottish Fiscal Commission (Economic and Fiscal Forecasts)

Meeting date: 31 August 2021

Kenneth Gibson

I thank our witnesses very much for their very interesting presentation and for answering our questions.

10:45 Meeting suspended.  

11:05&苍产蝉辫;翱苍&苍产蝉辫;谤别蝉耻尘颈苍驳鈥&苍产蝉辫;&苍产蝉辫;

Finance and Public Administration Committee

Cabinet Secretary for Finance and the Economy

Meeting date: 31 August 2021

Kenneth Gibson

The committee received a letter from you earlier this morning regarding a number of matters. The letter鈥檚 heading is 鈥淧rocess and timetable around Scottish Budget 2022-23鈥. In it, you touch on the delayed medium-term financial strategy and say:

鈥淭here is logic for publishing the MTFS alongside the Scottish Budget and thereby basing it on the updated SFC and OBR forecasts. Publishing it before the OBR October forecasts would mean having to use OBR forecasts from March, the effect of which would be to give a misleading sense of the fiscal outlook.鈥

When I raised the matter with Scottish Fiscal Commission representatives, they agreed with that.

Where are we in terms of the MTFS? Are we going to see it alongside the budget? Can you give us any further thoughts on the timing of the budget, given all the stramash that you outlined in your letter regarding the difficulty of not having confirmed timings for UK fiscal events?

Finance and Public Administration Committee

Cabinet Secretary for Finance and the Economy

Meeting date: 31 August 2021

Kenneth Gibson

We will certainly deliberate on that in our next private session, which is about to start in a few minutes, when we consider our work programme.

I thank both our guests today, particularly the cabinet secretary for answering so many questions in such depth, particularly after a session at the Local Government, Housing and Planning Committee. I realise that it has been a very heavy morning for you, so I hope you will have a wee break now before the rest of the day鈥檚 proceedings.

12:33 Meeting continued in private until 12:47.  

Finance and Public Administration Committee

Scottish Fiscal Commission (Economic and Fiscal Forecasts)

Meeting date: 31 August 2021

Kenneth Gibson

I fully appreciate that, but do you produce for the Scottish Government forecasts of what specific tax levels could mean for the block grant adjustment, so that the Scottish Government has a clearer focus on what the result of a tax policy might be?

Finance and Public Administration Committee

Cabinet Secretary for Finance and the Economy

Meeting date: 31 August 2021

Kenneth Gibson

That allows me to neatly segue to your letter to the committee of 8 July, in which you indicated that the Scottish Government had started work

鈥渢o support a potential multi-year Resource Spending Review concluding in the autumn.鈥

Where are we with that now? Is it on schedule, and will it be informed by the fiscal framework?

Finance and Public Administration Committee

Cabinet Secretary for Finance and the Economy

Meeting date: 31 August 2021

Kenneth Gibson

First, has any progress been made on the review of the fiscal framework? There has been real difficulty in getting the UK Government around the table. Of course, we hope to have the review by the end of the year.

Finance and Public Administration Committee

Scottish Fiscal Commission (Economic and Fiscal Forecasts)

Meeting date: 31 August 2021

Kenneth Gibson

We still have time, so I will let colleagues come back in again, but I will ask some more questions first. The first one is a follow-up to John Mason鈥檚 question about the uncertainty index. Where does the co-operation agreement between the Greens and the Scottish Government sit on the uncertainty index? Does it make the Scottish Fiscal Commission鈥檚 ability to forecast more or less certain?

Finance and Public Administration Committee

Scottish Fiscal Commission (Economic and Fiscal Forecasts)

Meeting date: 31 August 2021

Kenneth Gibson

No, but the deal contains financial detail and specific components鈥攆or example, 拢500 million for the north-east and Moray and 110,000 more affordable homes by 2032.

Finance and Public Administration Committee

Scottish Fiscal Commission (Economic and Fiscal Forecasts)

Meeting date: 31 August 2021

Kenneth Gibson

So in that regard, there will be a reduction of uncertainty.