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Parliamentary debates and questions

S5W-13593: Bill Bowman (North East Scotland)

Scottish Conservative and Unionist Party

Date lodged: 20 December 2017

To ask the Scottish Government what proportion of revenue raised through the tax measures proposed in the Draft Budget will be directly allocated on measures to grow the economy.

Answered by: Derek Mackay 11 January 2018

The tax measures set out in the Draft Budget are forecast to raise an additional £366 million to support the Scottish Budget in 2018-19. This additional revenue will be spent on a range of measures to support our public services, reverse UK Government cuts and grow the Scottish economy. The draft budget provides significant investment in the Scottish economy by allocating additional spending in the Economy, Jobs and Fair Work portfolio; establishing a Building Scotland Fund; guaranteeing an initial capitalisation for the Scottish National Investment Bank; delivering superfast broadband for every business and household in Scotland by 2021; and increasing the spend of our enterprise and skills bodies.