Scottish Fiscal Commission

Scottish Fiscal Commission
Coimisean Fiosgail na h-Alba
Agency overview
Formed June 2014
Type Non-ministerial government department
Jurisdiction Scotland
Headquarters Governor’s House, Edinburgh, EH1 3DE
Agency executives
Parent agency Scottish Government
Website www.fiscal.scot

The Scottish Fiscal Commission (Scottish Gaelic: Coimisean Fiosgail na h-Alba) is a non-ministerial department of the Scottish Government. 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 Susan Rice CBE, formerly the chair of Lloyds TSB Scotland plc.[2]

Remit

The Scottish Fiscal Commission became established as a non-ministerial department on April 1 2017 and is structurally and operationally independent of the Scottish Government. Its Commissioners are directly accountable to the Scottish Parliament. It will produce its first forecast for the Draft Budget 2018-19 and will publish at least two forecasts a year in line with the Scottish budget process. It will also publish evaluations of its forecasts and working papers on related subjects. Its five year forecasts cover Scotland's:

Aggregates Levy and Devolved Social Security expenditure will follow in due course.

Members

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]

See also

References

  1. ↑ Scottish Fiscal Commission, Scottish Fiscal Commission, retrieved 8 September 2015
  2. 1 2 3 4 5 "About us". Scottish Fiscal Commission. Retrieved 7 March 2017.
  3. ↑ Scottish Fiscal Commission consultation, Scottish Government, retrieved 8 September 2015
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