Magazine article Public Finance

MSPs to Look into Effects of the Recession

Magazine article Public Finance

MSPs to Look into Effects of the Recession

Article excerpt

The Scottish Parliament finance committee is to investigate the impact of the recession on Scotland's spending plans.

The MSPs will seek views on the effects of the recession on Scottish public bodies, the pressures on budget plans and the longer-term prospects for Scottish Government spending.

Announcing the inquiry, committee convener Andrew Welsh said the effects of the recession were not predicted in the 2007 Scottish budget spending review, when the budget for 2010/11 was set out.

He added: 'Several decisions since then, including bringing forward capital spending into earlier years and the effects of £5bn efficiency savings announced by the UK government, could mean the budget for 2010/11 will be very different from the budget as already planned!

Welsh said increased demand for certain services and reduced income opportunities would affect some bodies more than others. …

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