Date lodged: 24 March 2017
To ask the Scottish Government whether it will use the forecasts of the Scottish Fiscal Commission from April 2017 and, if not, what figures it will use.
Answered by: Derek Mackay 13 April 2017
For the 2017-18 Budget, the Scottish Fiscal Commission provided independent scrutiny of the Scottish Government's forecasts of revenue from income tax, Land and Buildings Transaction Tax and Scottish Landfill Tax, as well as the forecasts of the economic determinants of non-domestic rates.
From 1 April 2017, the Commission has a statutory duty to prepare forecasts at least twice a year covering Scottish onshore GDP, income tax, devolved taxes, non-domestic rates, and devolved demand-led social security expenditure, and to assess the reasonableness of Ministers’ projections of borrowing. The Scottish Government’s expectation is that the forecasts produced by the Commission will be used to inform future Scottish budgets.