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 1485 contributions
Finance and Public Administration Committee
Meeting date: 6 December 2022
Liz Smith
I asked that question because we have suffered from fiscal policy and monetary policy pulling in opposite directions. The UK has been trying desperately—perhaps not very successfully, at one stage—to get the right balance on fiscal policy, whereas the Bank of England’s remit is to control inflation, and therefore monetary policy has pulled in the opposite direction. That difficulty means that it really matters what kind of inflation it is, which allows us to determine what policies are put into practice, which is why I asked that question.
Public Audit Committee
Meeting date: 1 December 2022
Liz Smith
That is a very helpful answer. It is good to hear that a paper is coming in early 2023 about that. Is it your understanding that some of the money that is held in the reserves of councils or IJBs could be used to ease some of the financial pressures that councils are under just now?
Public Audit Committee
Meeting date: 1 December 2022
Liz Smith
So, that could that help the budget, from that angle.
Public Audit Committee
Meeting date: 1 December 2022
Liz Smith
I have just one more question, convener.
You rightly mention in paragraph 35 that the Scottish Government has capital borrowing powers and that, while capital borrowing cannot be used to support resource spending, there are certain types of capital spending that could be moved to resource spending. Can you clarify whether there are specific criteria that need to be adhered to in order for that capital spend to be moved to resource spend?
Public Audit Committee
Meeting date: 1 December 2022
Liz Smith
That is helpful. Thank you.
Public Audit Committee
Meeting date: 1 December 2022
Liz Smith
And any decision in that regard has to be set against the HM Treasury criteria.
Public Audit Committee
Meeting date: 1 December 2022
Liz Smith
Thank you, convener. Mr Boyle, in relation to the convener’s first questions this morning, you said that a very high percentage of the Barnett consequential spend in Scotland went on Covid, which was very important in trying to get us through the pandemic. How easy is it to track where that Covid spend went? Are you aware of any unspent Covid money?
Finance and Public Administration Committee
Meeting date: 22 November 2022
Liz Smith
Good morning. Can I bring you back to the question that the convener asked about the transfer from capital to resource budgets? As far as I am concerned, for most of the time that I have been in this Parliament, such transfers have not been possible. There are fiscal rules that are directed at ensuring that they do not take place. Can you confirm that that rule has been eased or changed because of the extenuating circumstances that you set out?
Finance and Public Administration Committee
Meeting date: 22 November 2022
Liz Smith
It would be helpful if we could have that.
On a slightly different theme, the Scottish Government’s programme for government sets out three distinctive principles around which government policy is devised. One of those is the move to net zero and justice in the green economy. If that is one of the defining principles, it seems a bit odd that there has been such a substantial downturn in the net zero budget. How does that fit with the Scottish Government’s programme for government, when that was very much one of the three identified principles? Why has that happened?
Secondly, if there are to be changes to the principles of Government policy, can we hear a little more about those? I know that you cannot go through every change—it would be unrealistic to ask you to do that—but are there specific criteria on which you are examining government spending in relation to budget spend?
10:30Finance and Public Administration Committee
Meeting date: 22 November 2022
Liz Smith
Yes, the £191 million.