Budget Update

Part of the debate – in the Scottish Parliament on 9th December 2020.

Alert me about debates like this

Photo of Kate Forbes Kate Forbes Scottish National Party

As James Dornan said, the Chancellor of the Exchequer has set out his spending review, which was accompanied by figures from the Office for Budget Responsibility that demonstrate just how hard hit the economy will be in terms of unemployment and gross domestic product.

It is important that we invest in infrastructure in order to try to support economic recovery. That is why it is deeply unfortunate that, as we go into next year’s budget, and start setting our budget, the Scottish Government’s capital budget is being cut by 5 per cent.

I will set out, alongside our budget, our capital spending review, which will give not just a one-year outlook on what our spending will be, but a five-year outlook, so that there is a pipeline of work, which will give confidence to the construction sector and will, I hope, ensure faster economic recovery.