Date lodged: 24 April 2018
To ask the Scottish Government, further to the answer to question S5W-15712 by Derek Mackay on 17 April 2018, how much underspend from 2017-18 (a) is able to be and (b) was carried forward into 2018-19, and how much can be carried forward into subsequent financial years.
Answered by: Derek Mackay 4 May 2018
The new Scotland Reserve, effective from 1 April 2017, has an upper limit of £700 million. The opening balance on the Scotland Reserve at 1 April 2017 is £74.2 million and this amount has been held in each month throughout 2017-18. Full details of the 2017-18 provisional outturn and associated cash underspend, which will accrue to the Scotland Reserve, will be reported to the Scottish Parliament and to HM Treasury in June in line with established practice.