Scottish Consolidated Fund
The Scottish Consolidated Fund is the main fund operated by the Scottish Parliament. It receives a block grant from the UK Parliament's Consolidated Fund[1] plus the operational receipts of the Scottish Government. The fund operates under the Scotland Act 1998.
In 2010-2011, Westminster paid a block grant of £26.8 billion.[2]
References
- ↑ "A fund of money, the Scottish Consolidated Fund, is provided by Westminster to finance the Parliament and provide its budget", scotland-solicitors.co.uk
- ↑ "Annual Report 2011". Scotland Office and Office of the Advocate General for Scotland.
See also
- Barnett Formula
- Calman Commission
- Government Expenditure and Revenue Scotland
- Union dividend