Scottish Fiscal Commission
| Scottish Gaelic: Coimisean Fiosgail na h-Alba | |
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| Agency overview | |
|---|---|
| Formed | 2014 June |
| Type | Non-ministerial department |
| Jurisdiction | Scotland |
| Headquarters | Governor’s House, Edinburgh, EH1 3DE |
| Agency executives |
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| Parent agency | Scottish Government |
| Website | www |
The Scottish Fiscal Commission (Scottish Gaelic: Coimisean Fiosgail na h-Alba) is a non-ministerial office. It was established by the Scottish Parliament to provide independent forecasts of taxes[1][2] and social security expenditure, and GDP forecasts, to help inform the government's budget and its scrutiny by parliament.
It was formally created in June 2014, but moved to become a statutory body following the Scottish Fiscal Commission Act 2016.[3] The commission is currently headed by Professor Graeme Roy.
Remit
[edit]The Scottish Fiscal Commission was established as a non-ministerial office on 1 April 2017, and is structurally and operationally independent of the Scottish Government. Its Commissioners are directly accountable to the Scottish Parliament. It publishes two sets of five-year forecasts a year in line with the Scottish budget process. It also publishes evaluations of its forecasts and working papers on related subjects. Its five-year forecasts cover Scotland's:
- Income Tax
- Land and Buildings Transaction Tax
- Non-Domestic Rates
- Scottish Landfill Tax
- Revenue from assigned VAT
- Devolved social security expenditure
- Onshore Gross Domestic Product
It also assesses the reasonableness of Scottish Ministers' borrowing projections
Members
[edit]The Scottish Fiscal Commission currently comprises three members, who are nominated for appointment by the Cabinet Secretary for Finance, Constitution and Economy.[2] The nominations are considered by the Finance Committee of the Scottish Parliament, which then reports on the nominations to the Parliament as a whole.[2] Parliament then decides whether or not to approve the nominations. The current members of the Scottish Fiscal Commission are:[2]
- Professor Graeme Roy
- Professor Frances Breedon
- Professor David Ulph
- Dr Domenico Lombardi
See also
[edit]References
[edit]- ^ Scottish Fiscal Commission, Scottish Fiscal Commission, retrieved 8 September 2015
- ^ a b c d "About us". Scottish Fiscal Commission. Retrieved 7 March 2017.
- ^ Scottish Fiscal Commission consultation, Scottish Government, retrieved 8 September 2015
External links
[edit]- Official website
- Scottish Fiscal Commission - What We Do
This article contains quotations from this source, which is available under the Open Government Licence v2.0. © Crown copyright.
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