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 117 contributions
Finance and Public Administration Committee [Draft]
Meeting date: 30 September 2026
Michael Marra
My last question in this area is about council tax. You have set out the picture of many new, smaller community councils in some regions. We do not have fixed numbers on any of that, and I understand that there would be negotiation. Who would levy local tax?
Finance and Public Administration Committee [Draft]
Meeting date: 30 September 2026
Michael Marra
In the event of independence happening, would we have to repay the principal sum on that day?
Finance and Public Administration Committee [Draft]
Meeting date: 30 September 2026
Michael Marra
But this is a technical question, rather than projecting forward to the referendum. If you are going to seek to issue bonds through the budget—you say that they will potentially play a significant role in the capital programme—those questions have to be answered, because the markets will be pricing the bonds on the basis of the ratings that have been issued. Can you come back to the committee to tell us the Government’s policy position on how it will issue and price the bonds?
Finance and Public Administration Committee [Draft]
Meeting date: 30 September 2026
Michael Marra
The Scottish Information Commissioner has also reported on NHS Tayside’s atrocious record of responding to freedom of information requests. That is absolutely appalling, and this is part of that broader culture.
Finance and Public Administration Committee [Draft]
Meeting date: 30 September 2026
Michael Marra
Okay. We will come back to bonds later—I will leave some of my other questions until then.
Returning to the £5 billion gap that was identified in the MTFS, when will we receive an update on that figure, in line with updates on other questions? Will it be ahead of the budget? On what basis can we judge the budget without knowing whether you have met your targets?
Finance and Public Administration Committee [Draft]
Meeting date: 30 September 2026
Michael Marra
There would be movement because, at the moment, you plan to abolish the existing councils. There would have to be movement somewhere.
Finance and Public Administration Committee [Draft]
Meeting date: 30 September 2026
Michael Marra
Would it be levied by both types of council? Would there be a local community tax and a regional community tax, or would there be a national community tax?
Finance and Public Administration Committee [Draft]
Meeting date: 30 September 2026
Michael Marra
Would the principal sum of the bonds be repaid at maturity, at the end of the five years, or would it be refinanced?
Finance and Public Administration Committee [Draft]
Meeting date: 30 September 2026
Michael Marra
But you would know this, because it will be within the terms of the basis on which you issue the bonds. There is no way that somebody would take on the debt, or they would price that on the debt.
Finance and Public Administration Committee [Draft]
Meeting date: 30 September 2026
Michael Marra
On the same subject, would you consider interest-only borrowing to be a prudent way of managing Scottish Government capital investment?