Magazine article Public Finance

Voice of the Nations: In Brief

Magazine article Public Finance

Voice of the Nations: In Brief

Article excerpt


Fall in North Sea revenues

A sharp fall in North Sea revenues last year increased Scotland's notional public finance deficit to £12bn, annual Government Expenditure & Revenue Scotland statistics show. Labour said the figures proved an independent Scotland would have a £4.4bn budget hole, but First Minister Alex Salmond said the finances were in better shape than the rest of the UK's.


Procurement boost for Welsh firms

More Welsh companies are winning public service contracts after procurement reforms, Finance Minister Jane Hutt said. Presenting a progress report on the Wales Procurement Policy Statement from 2012, Hutt said Welsh contractors now win 75% of all construction awards compared to about 30% in 2010/11. More small businesses were also winning work.


NI to change way fines are collected

Northern Ireland's Justice Department is consulting on changes to the way fines are enforced and collected. …

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