An additional £3bn could be lost from the coronavirus-hit Scottish economy over the next two years if an extension to the Brexit transition period is not agreed, the Scottish Government has warned.
The Scottish Government has called for greater clarity from the Treasury over coronavirus-related funding after last minute grant adjustments left it with £70m less than expected.
A “precautionary” approach to lifting the lockdown in Scotland will limit the risk of a second wave of the virus north of the border, the Scottish Government has said.
The Scottish Government might struggle to balance its budget this year because of funding uncertainty in the wake of the coronavirus pandemic, the nation’s official forecaster has warned.
Economic output in Scotland could fall by a third as a result of measures to tackle the coronavirus pandemic, according to the latest government commentary.
Economists have warned against the introduction of a universal basic income across Scotland as part of a knee-jerk reaction to the coronavirus pandemic.
The devolution of almost £2bn in disability benefits to Scotland has been put on hold to allow the health and social care sectors to focus on their response to the coronavirus pandemic.
A Scottish local authority has outlined the impact of the Covid-19 pandemic on its finances, announcing it will borrow £10m earlier than expected to avoid cashflow issues.
The Scottish Government is to press for greater borrowing powers to deal with the increasing fiscal risk arising from the devolution of tax and welfare powers, after it borrowed £200m to pay for its...
The Scottish budget has passed its first parliamentary hurdle after the government struck a deal which saw extra funding secured for local authorities, policing and low carbon projects.
The Scottish government has defended its plan to use its resource borrowing powers for the first time in order to manage volatility caused by a forecast error in this year’s budget.
The Scottish government has proposed no change to its existing five-band system of income tax in a draft budget which prioritised investment in public services and action to tackle climate change.
Auditors have raised concerns over value for money and lack of transparency in the Scottish government’s use of privately financed contracts to fund investment in public infrastructure.
Serious concerns have been raised over the financial sustainability of Highland Council after auditors warned the authority faces “significant risk” in delivering the change needed to bridge a budget...
