Scottish Consolidated Fund
Encyclopedia
The Scottish Consolidated Fund is the main fund operated by the Scottish Parliament
. It receives a block grant
from the UK Parliament's Consolidated Fund
plus the operational receipts of the Scottish Government. The fund operates under the Scotland Act 1998
.
Scottish Parliament
The Scottish Parliament is the devolved national, unicameral legislature of Scotland, located in the Holyrood area of the capital, Edinburgh. The Parliament, informally referred to as "Holyrood", is a democratically elected body comprising 129 members known as Members of the Scottish Parliament...
. It receives a block grant
Block grant
In a fiscal federal form of government, a block grant is a large sum of money granted by the national government to a regional government with only general provisions as to the way it is to be spent...
from the UK Parliament's Consolidated Fund
Consolidated Fund
Consolidated Fund or the Consolidated Revenue Fund is the term used for the main bank account of the government in many of the countries in the Commonwealth of Nations.-Establishment:...
plus the operational receipts of the Scottish Government. The fund operates under the Scotland Act 1998
Scotland Act 1998
The Scotland Act 1998 is an Act of the Parliament of the United Kingdom. It is the Act which established the devolved Scottish Parliament.The Act will be amended by the Scotland Bill 2011, if and when it receives royal assent.-History:...
.
See also
- Barnett FormulaBarnett formulaThe Barnett formula is a mechanism used by The Treasury in the United Kingdom to adjust the amounts of public expenditure allocated to Northern Ireland, Scotland and Wales automatically to reflect changes in spending levels allocated to public services in England, England and Wales or Great...
- Calman Commission
- Government Expenditure and Revenue ScotlandGovernment Expenditure and Revenue ScotlandGovernment Expenditure and Revenue Scotland is an annual report published by the Scottish Government. Its aim is to increase public understanding of fiscal policy in Scotland, especially fiscal tranfers to and from the UK Exchequer....
- Union dividendUnion dividendThe Union dividend is a term used by British unionists to describe the financial benefits which they believe that Scotland and Wales derive from being parts of the United Kingdom....
External links
- The receipts and payments account for the Scottish Consolidated fund for the period 1 April 2003 to 31 March 2004
- Report on the 2006/2007 Audit, by Audit ScotlandAudit ScotlandAudit Scotland is an independent public body in Scotland which was established in 2000 and is responsible for auditing most of Scotland's public organisations. These include the Scottish Government, local councils and NHS Scotland....