Magazine article Public Finance

Watchdog Eyes Holyrood Skills

Magazine article Public Finance

Watchdog Eyes Holyrood Skills

Article excerpt

Scotland's public spending watchdog will be keeping a close eye on the financial skills of the Scottish Government as the independence debate gathers pace.

Caroline Gardner, Scotland's new auditor general, told Public Finance that the recently passed Scotland Act, which devolves some tax-varying and borrowing powers, also underlined the need for high-level financial skills in the Scottish civil service.

As the Scotland Act is implemented and Scotland has more financial autonomy, its ability to forecast its share of income tax receipts, property tax receipts and waste tax receipts becomes all the more important,' she said.

'The risk of getting it wrong is bigger because it will be for Scotland itself to manage the consequences of any increases or shortfalls in receipts and as we start looking at further devolution or independence that becomes all the more important. …

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