Question reference: S5W-35809
- Asked by: Dean Lockhart, MSP for Mid Scotland and Fife, Scottish Conservative and Unionist Party
- Date lodged: 8 March 2021
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Current status: Answered by Kate Forbes on 22 March 2021
Question
To ask the Scottish Government what regular monitoring it carries out of the level of fiscal deficit.
Answer
Unlike the UK Government, the Scottish Government has no fiscal deficit as it is required to balance its budget.
The Scottish Government monitors the budget management position throughout the year, with adjustments to plans given effect in Budget Revisions.
Variances of actual expenditure compared to budget are reported through the provisional and final outturn processes following the end of the financial year and in the Scottish Government’s Consolidated accounts.