- Draft legislation
This is a draft item of legislation. This draft has since been made as a Scottish Statutory Instrument: The Scottish Fiscal Commission (Modification of Functions) Regulations 2017 No. 86
(This note is not part of the Regulations)
These Regulations expand the functions of the Scottish Fiscal Commission to reflect the powers devolved through the Scotland Act 2016 and the content of the Fiscal Framework agreed between the Scottish and UK Governments.
In summary, the functions of the Commission are expanded as follows (to take effect from 1st April 2017):
addition of a function to prepare forecasts of demand led social security expenditure;
addition of a function to require the Commission to prepare Scottish GDP forecasts (not covering the value of oil, gas and other hydrocarbons produced in the Scottish sector of the UK continental shelf).
The effect of the Regulations is to add to the Commission’s functions so as to ensure fiscal transparency in relation to the new powers and to give effect to the provisions of the Fiscal Framework agreement.
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Draft Policy Note sets out a brief statement of the purpose of a Draft Scottish Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Draft Scottish Statutory Instrument accessible to readers who are not legally qualified and accompany any Scottish Statutory Instrument or Draft Scottish Statutory Instrument laid before the Scottish Parliament from July 2012 onwards. Prior to this date these type of notes existed as 'Executive Notes' and accompanied Draft Scottish Statutory Instruments from July 2005 until July 2012.
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