Budget 2020-21 (Scotland Reserve)

Part of the debate – in the Scottish Parliament on 5th March 2020.

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Photo of Kate Forbes Kate Forbes Scottish National Party

As the member will know, every financial year since 2017-18, the resource, capital and financial transactions underspends have been deposited in the reserve and it is quite right that we build up the reserve. However, the fact of the matter is that the fiscal framework is insufficient to allow the Scottish Government to manage the volatility and the uncertainty that is inherent in our financial position in terms of meeting some of the forecast error challenges that, it is worth remembering, are about Westminster clawing back resource because of forecast error.