Date lodged: 29 August 2018
To ask the Scottish Government how the finance secretary ensures that the budget takes account of the changing needs of employers and the economy.
Answered by: Jamie Hepburn 5 September 2018
Each year the Budget is designed to help ensure that the ambitions set out in Scotland’s Economic Strategy and Scotland’s Labour Market Strategy are supported by economic policies.
The focus of these strategies on innovation, internationalisation, investment and inclusive growth – including via the promotion of fair work and development of skills and employability remain relevant for the economy today. As such, these strategies provide a framework for prioritising spending and the budget provides an opportunity to deliver on the priorities, taking account of changes in the economy – and addressing particular challenges or opportunities..
For example, as a government, we have increased our investment in the economy this year by 64%, as part of our £2.4 billion investment in enterprise and skills. We have the most competitive business rates system in the UK and we are supporting sectoral and business growth, including via the delivery of the National Manufacturing Institute (NMIS) and the Scottish National Investment Bank (SNIB).