Magazine article Public Finance

Holyrood 'Needs Better Quality' Finance Guidance

Magazine article Public Finance

Holyrood 'Needs Better Quality' Finance Guidance

Article excerpt

An influential Scottish Parliament committee has criticised the standard of information given by ministers on the financial consequences of legislation.

In a legacy paper to be passed to the new Parliament after it is elected on May 3, the finance committee expresses recurring concerns about a lack of adequate information contained in the financial memoranda of Bills.

It highlights issues that need to be addressed, including a lack of systematic consultation over the contents of memoranda, leading to wide-ranging disagreements on costs, due to different assumptions being used.

The MSPs note that the Scottish Executive produces guidance on the preparation of FMs. It adds: 'However, on a number of occasions, it would appear that this internal guidance is not being adhered to. Indeed, the committee has had to recommend in numerous reports on FMs that the Executive adhere to its own guidance. …

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