Magazine article Public Finance

Holyrood Accounts Qualified after £100M Overspend

Magazine article Public Finance

Holyrood Accounts Qualified after £100M Overspend

Article excerpt

Auditor general Bob Black has qualified the accounts of the Scottish Executive because of a £100m budget overspend.

The irregular expenditure was disclosed in a report published last week under section 22 of the Public Finance and Accountability (Scotland) Act 2000.

Black found that the Scottish Executive Development Department (SEDD) had exceeded its £1.2bn budget by £68m because of the way it handled the early repayment of outstanding loans for the former Scottish Homes national housing agency.

In addition, the Scottish Executive Health Department (SEHD) overspent its £6.6bn budget by £32m. The report noted that after the dissolution of 18 NHS trusts there was no requirement to pay capital charges to the SEHD, and the extra spending was therefore unapproved. …

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