he Scottish Fiscal Commission today published an evaluation of its recent forecasts, together with two new papers on forecasting Scotland’s VAT assignment and on the data it requires to carry out its work. The evaluation report showed the Commission’s 2017-18 economic forecast was affected by the Scottish Government’s data revisions published last month. While this…

The Scottish Fiscal Commission has published its latest report ‘Scotland’s Economic and Fiscal Forecasts – May 2018’, which shows that the outlook for the Scottish economy remains subdued over the next five years. GDP growth is expected to remain below 1.0 per cent a year over the forecast period, reaching 0.9 per cent in 2023.…

21 March 2018  The Scottish Fiscal Commission will publish produce their next edition of Scotland’s Economic and Fiscal Forecasts on Thursday 31 May 2018. This will include updated economic and fiscal forecasts up to 2023-24.  These forecasts are being produced to inform the Scottish Government’s Medium Term Financial Strategy, in line with the recommendations of…

The Scottish Fiscal Commission today published an evaluation of its recent forecasts, together with two new papers on forecasting Scotland’s VAT assignment and on the data it requires to carry out its work. The evaluation report showed the Commission’s 2017-18 economic forecast was affected by the Scottish Government’s data revisions published last month. While this…

oday the Scottish Fiscal Commission publishes two reports. The first looks back at the Scottish Government’s Budget forecasts for 2016-17.  The second looks forward to the approach the Commission will take to producing its first independent forecasts later this year. The Forecast Evaluation Report compares what was raised from devolved taxes during 2016-17 with the…

Bruce Crawford MSP, convenor of the Finance and Constitution Committee, kindly invited MSPs to hear more about the role of the Scottish Fiscal Commission at a lunchtime briefing in the parliament on June 22. Commission chair Lady Susan Rice gave a short address on how the Commission is focused on serving parliament. Susan’s opening remarks:…

John Ireland this week takes over as Chief Executive of the Scottish Fiscal Commission (SFC).  John was formerly a Director of the Fraser of Allander Institute at Strathclyde University and spent time early in his career both with HM Treasury and the National Institute of Economic and Social Research. He takes up the role at…

Lady Rice welcomes the 9th Annual Meeting of OECD PBOs and IFIs to Scotland.

Scotland’s official economic and fiscal forecasts will be produced by an independent body following the launch tomorrow (1 April) of the Scottish Fiscal Commission (SFC) as a non-Ministerial department. The Commission is chaired by Lady Susan Rice CBE. Lady Rice said: “This is an important milestone in the Scottish Budget process. We now take up…

Cabinet Secretary for Finance and the Constitution, Derek Mackay, today announced the appointment of David Wilson and Alasdair Smith as Members of the Scottish Fiscal Commission Board. Chair of the Scottish Fiscal Commission Lady Susan Rice said: “This is an important step as we move towards taking on our statutory powers from 1 April, helping…