• Text size      
  • Send this article to a friend
  • Print this article

Finance commission proposed

ANY Scottish equivalent of the Office of Budget Responsibility must be accountable to the Parliament rather than Government, according to a report by MSPs.

Holyrood's Finance Committee has said that a Scottish Financial Commission to act as an independent forecasting body is a good idea, but that its membership should be subject to recommendation by the committee to Parliament.

Finance Secretary John Swinney had suggested the body will be needed to help forecast new tax responsibilities coming to the Scottish Parliament with the creation of Revenue Scotland.

The Finance Committee considered the plan and offered its support in a report.

Convener Kenneth Gibson welcomed the proposals for an independent SFC.

Contextual targeting label: 
Local government

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

211093