News & Events

News & Events

  • Good news on the economy with cautionary note on social security spending

    The Scottish Fiscal Commission published its latest official forecasts today setting out how Scotland’s economy is recovering from the pandemic and how the Scottish Government’s plans for social security will affect spending and its finances. The economy is growing… and inflation will increase The Scottish Fiscal Commission’s five year economic forecast shows Scotland’s economy is…

  • Forecast divergences mostly due to COVID-19

    The Scottish Fiscal Commission, Scotland’s official forecaster, today published its evaluation of the economic and fiscal forecasts for the Scottish Budget which it published in early February 2020 – a month before the first COVID-19 lockdown. The nature and scale of the policy response to the public health crisis, including the introduction of some new…

  • Commission publishes costing to support Carer’s Allowance Supplement Bill

    We have forecast the cost of the Carer’s Allowance Supplement (Scotland) Bill following its introduction in the Scottish Parliament today.This additional payment of £231.40 will be made in December to people already receiving Carer’s Allowance in Scotland.We estimate 91,000 people will receive the extra payment at a cost of £21million in 2021-22. The Commission provides…

  • Commission invites you to look ‘under the bonnet’ of its forecasts

    The Scottish Fiscal Commission has today published four papers setting out its approach to the forecasts it produces to inform the Scottish Government’s Budget. Together the reports explain the models used to forecast devolved taxes and income tax, as well as disability and carer’s social security payments, together with the Commission’s updated approach to forecasting…

  • Commission’s update shows Scottish Budget increase

    An update published by the Scottish Fiscal Commission today shows the 2021-22 Scottish Budget has increased by £1.3 billion since the Scottish Government introduced its Budget in January 2021. The Commission published its Fiscal Update ahead of the final stage of the Budget Bill. The increase largely comprises of additional COVID-19 funding allocated at the…

  • Commission costs amendments to Non-Domestic Rates and Self Isolation Support Grants

    Commission costs amendments to Non-Domestic Rates and Self Isolation Support Grants

    The Scottish Fiscal Commission has today published revised forecasts of Non-Domestic Rates (NDR) and the Self-Isolation Support Grant reflecting Scottish Government policy amendments made at Stage 2 of the Budget Bill debate, which takes place on 8 March 2021. The Commission estimates that the nine-month extension to the retail, hospitality, leisure, aviation and newspaper relief…

  • Webinar – 4 February 2021 – Video

    On 4 February 2021 we held a Webinar, in which our Commissioners presented our January 2021 forecasts for the Scottish Budget, and answered your questions about our work. You can find the recording of the presentation and Q&A session here.

  • Managing both Budget and pandemic brings challenges

    The Scottish Fiscal Commission says today that managing the Scottish public finances will be very difficult again in the coming financial year. Their latest economic and fiscal forecasts also show the effects of COVID will be felt for a long time. The Scottish Government is implementing public health measures to control COVID and at the…

  • Date of our next forecast

    28 January 2021 – Scotland’s Economic and Fiscal Forecasts. We’ll be publishing our next forecast to accompany the Scottish Government’s Budget for 2021-22 and Medium Term Financial Strategy. This is part of the Commission’s main forecast publication series and provides new five year economic, tax and social security forecasts.  Enquiries: info@fiscalcommission.scot

  • First Award Winners Announced for the Voluntary Application of the Code Award 2020

    Issued by the Office for Statistics Regulation Today, we are proud to announce the winners of the first ever Voluntary Application of the Code Award. This new and prestigious Office for Statistics Regulation (OSR) award is given in partnership with the Royal Statistical Society (RSS) and our media partner Civil Service World. This rewards excellence…