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All Official Reports of meetings in the Debating Chamber of the Scottish Parliament.
All Official Reports of public meetings of committees.
Displaying 1661 contributions
Finance and Public Administration Committee
Meeting date: 12 November 2024
Ivan McKee
In the autumn budget revision, there was an increase in capital funding of just short of £60 million. As you rightly say, we saw a level of underspend carried forward in the reserve, which allowed us to reverse out a resource-to-capital switch that had occurred previously. That switch was done to enable us to have the capital funding that we required, but because of how the capital budget worked out, the underspend on certain areas allowed us to reverse that, which I think was the right thing to do. You have to remember that the capital budget is about £6 billion, so when we talk about 1, 2 or 3 per cent, it adds up to significant numbers.
Finance and Public Administration Committee
Meeting date: 12 November 2024
Ivan McKee
If we did not have the ScotWind money?
Finance and Public Administration Committee
Meeting date: 12 November 2024
Ivan McKee
That is exactly my point.
Finance and Public Administration Committee
Meeting date: 12 November 2024
Ivan McKee
Do you mean within individual spend portfolios?
Finance and Public Administration Committee
Meeting date: 12 November 2024
Ivan McKee
Indeed.
Finance and Public Administration Committee
Meeting date: 12 November 2024
Ivan McKee
Do you want to point to any specific areas?
Finance and Public Administration Committee
Meeting date: 12 November 2024
Ivan McKee
Those will relate to specific situations that happen within a budget. For example, there might be an underspend in one budget, or there might be scope to move funding because of the way that the spending envelope had developed, with a requirement for the funding in another budget. With regard to the economy portfolio, that spending would have been on Ferguson’s. I will see whether we can pull up the details on net zero.
Finance and Public Administration Committee
Meeting date: 12 November 2024
Ivan McKee
We will then be able to dig into the details.
Finance and Public Administration Committee
Meeting date: 12 November 2024
Ivan McKee
The cabinet secretary will make more statements on that as we go through the budget process. The spring budget review in February will provide more clarification on how this financial year is looking. However, I think that you can expect more clarification shortly on our intention and plans to be in a position to use the ScotWind money for those purposes.
Finance and Public Administration Committee
Meeting date: 12 November 2024
Ivan McKee
Clearly, in-year transfers reflect the Government’s priorities, but there will be situations when we will need to address specific issues that arise. In the scope of the overall spending envelope, many in-year transfers involve relatively small percentages and are required to address specific issues that arise in specific circumstances. However, you are right that, as with any budget, in-year transfers reflect the Government’s priorities.