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Parliamentary debates and questions

S5W-13591: Bill Bowman (North East Scotland)

Scottish Conservative and Unionist Party

Date lodged: 20 December 2017

To ask the Scottish Government, in light of the Cabinet Secretary for Finance and the Constitution describing the measures in the Draft Budget as resulting in "additional revenue", what its response is to the Scottish Fiscal Commission’s reported recent estimations of its non-saving, non-dividends income tax revenue for the coming years as being lower than those that were made in February 2017.

Answered by: Derek Mackay 11 January 2018

Tax forecasts for Scotland are now the responsibility of the Scottish Fiscal Commission (SFC). The SFC were previously asked to scrutinise the Scottish Government forecasts, and found the February 2017 forecasts to be reasonable. The SFCs latest forecasts show (see table 4) that the income tax policy proposed in the Draft Budget 2018-19 is expected to raise an additional £164 million next year. The full SFC report (including the tax forecasts mentioned) can be found here: http://www.fiscalcommission.scot/media/1196/scotlands-economic-fiscal-forecasts-publication.pdf.