Scottish Fiscal Commission
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| Agency overview | |
|---|---|
| Formed | June 2014 |
| Type | Non-ministerial government department |
| Jurisdiction | Scotland |
| Headquarters | Governor’s House, Edinburgh, EH1 3DE |
| Agency executives |
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| Parent agency | Scottish Administration |
| Website | www |
The Scottish Fiscal Commission (Scottish Gaelic: Coimisean Fiosgail na h-Alba) is a non-ministerial department. It was established by the Scottish Parliament to provide independent forecasts of devolved taxes and social security expenditure under Scotland's control together with its GDP, to help inform the Scottish Government's budget and its scrutiny by the Scottish Parliament.
It was formally created in June 2014, but moved to become a statutory body following the Scottish Fiscal Commission Act 2016. The Commission is currently headed by Susan Rice CBE, formerly the chair of Lloyds TSB Scotland plc.
The Scottish Fiscal Commission became established as a non-ministerial department on April 1 2017 and is structurally and operationally independent of the Scottish Government. Its Commissioners are directly accountable to the Scottish Parliament. It will produce its first forecast for the Draft Budget 2018-19 and will publish at least two forecasts a year in line with the Scottish budget process. It will also publish evaluations of its forecasts and working papers on related subjects. Its five year forecasts cover Scotland's:
Aggregates Levy and Devolved Social Security expenditure will follow in due course.
The Scottish Fiscal Commission currently comprises three members, who are nominated for appointment by the Cabinet Secretary for Finance, Constitution and Economy. The nominations are considered by the Finance Committee of the Scottish Parliament, which then reports on the nominations to the Parliament as a whole. Parliament then decides whether or not to approve the nominations. The current members of the Scottish Fiscal Commission are:
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