Date lodged: 29 June 2018
To ask the Scottish Government, further to the answer to question S5W-02378 by Keith Brown on 28 September 2016 and the answer to question S5W-11126 by Derek Mackay on 19 September 2017, whether it will provide an update on the required change to parliamentary procedures associated with approving Scottish Government guarantees.
Answered by: Derek Mackay 20 July 2018
Since the previous PQs (S5W-02378 on 28 September 2016 and S5W-11126 on 19 September 2017 - all answers to written parliamentary questions are available on the Parliament's website, the search facility for which can be found at http://www.parliament.scot/parliamentarybusiness/28877.aspx ) were answered, Parliamentary procedures associated with the approval of the Scottish Government entering into a contingent liability or guarantee have changed.
In an amendment to the written agreement between the Scottish Government and the Finance and Constitution Committee it was agreed that the approval of the Committee will be sought for guarantees where the potential exposure exceeds £2.5 million and that the Committee would be notified of all guarantees with a potential exposure falling between £300k and £2.5 million. The previous agreement required that Committee approval be sought for arrangements where the potential exposure was over £1 million. The arrangements outlined above do not apply where the guarantee or contingent liability is granted under a statutory requirement to do so or is of a standard type and arises as an unavoidable feature of an activity authorised by statute.