The Official Report is a written record of public meetings of the Parliament and committees.
All Official Reports of meetings in the Debating Chamber of the Scottish Parliament.
All Official Reports of public meetings of committees.
Displaying 4779 contributions
Finance and Public Administration Committee
Meeting date: 31 August 2021
Kenneth Gibson
You have talked about social security a couple of times, but no committee member has yet asked about it. Your figures predict a £1.5 billion increase over the next five years in social security spend, of which the adult disability payment will be a major component. Given the fact that that increase has been mentioned a couple of times, is that a cause for concern for the Scottish Fiscal Commission, or do you just want to ensure that we do not omit it in our deliberations?
10:30Finance and Public Administration Committee
Meeting date: 31 August 2021
Kenneth Gibson
The child payment could be £163 million a year. I think that you said in your opening statement and your report that about £0.5 billion extra would have to be found from the resource budget by 2026-27. Is that correct?
Finance and Public Administration Committee
Meeting date: 31 August 2021
Kenneth Gibson
I have a final question before I call this evidence session to a halt. Regarding the fiscal overview, the Scottish Fiscal Commission notes that the UK Government has not guaranteed any additional funding for Covid-19 for 2021-22 and that there are currently no arrangements for deferred funding. Given the Scottish Government’s requirement to maintain a balanced budget,
“large changes in COVID-19 funding late in the financial year may create difficulties for the Scottish Government’s management of its budget.”
Can you talk us through one or two of those difficulties?
Finance and Public Administration Committee
Meeting date: 31 August 2021
Kenneth Gibson
Thank you. I have a final question before we open up to questions from committee members. The Scottish Fiscal Commission noted that the Government has not guaranteed any additional funding for Covid-19 for 2021-22, and that there are currently no arrangements for deferred funding. It has said:
“Large changes in COVID-19 funding late in the financial year may create difficulties for the Scottish Government’s management of its budget.”
I asked the SFC about that, but can you also say what kind of difficulties that could create for the Scottish budget?
Finance and Public Administration Committee
Meeting date: 31 August 2021
Kenneth Gibson
Thank you. Before I bring in other members, I have some opening questions—that approach will be the norm for future committee meetings.
You talked about taxation, which is of great interest not just to the committee and the Parliament but to the wider public. Can you tell us a wee bit about the impact of fiscal drag inflation on taxation and whether the Fiscal Commission can specifically quantify its impact in comparison to the increased output as a result of the reduction in Covid pressures?
Finance and Public Administration Committee
Meeting date: 31 August 2021
Kenneth Gibson
You mention in your letter that
“the Chancellor has publicly asked the Office for Budget Responsibility to produce forecasts on 27 October”.
Does that mean that you believe there is likely to be a budget in mid-November or soon after?
Finance and Public Administration Committee
Meeting date: 31 August 2021
Kenneth Gibson
That is clear.
Your report says that house price stability will be established in the current financial year and that prices will grow in subsequent years. How did you come to that conclusion? House prices appear to be rising quite significantly.
Finance and Public Administration Committee
Meeting date: 31 August 2021
Kenneth Gibson
I asked a question about the possibility of deferred funding, and members asked about the impacts on a number of areas of the Scottish budget. You talked about how difficult it was, as did members, with additional funding coming in at a time when local authorities were agreeing their own budgets and the council tax settlement was being agreed. Should we get into that situation—I hope that we do not, because I hope that the UK Government will do as it has done previously and agree a carry-over if necessary—do you have any shovel-ready projects available that would allow you to provide additional support to businesses or other areas of the economy, so that that money is used effectively?
Finance and Public Administration Committee
Meeting date: 31 August 2021
Kenneth Gibson
Good morning, and welcome to the second meeting in 2021 of the Finance and Public Administration Committee. The first item on our agenda is a decision on taking business in private. Do members agree to take item 4 in private?
Members indicated agreement.
Finance and Public Administration Committee
Meeting date: 31 August 2021
Kenneth Gibson
I inform members that Patrick Harvie has resigned from the committee, no doubt due to his elevation to ministerial office. Although he has been to only two meetings, I thank Patrick for his contributions to date.