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Scottish Consolidated Fund

Summary

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, under the Barnett formula, the UK Exchequer returned a block grant of £26.8 billion of Scottish taxpayers' money to the fund.[2]

See also edit

References edit

  1. ^ "A fund of money, the Scottish Consolidated Fund, is provided by Westminster to finance the Parliament and provide its budget", scotland-solicitors.co.uk
  2. ^ "Annual Report 2011" (PDF). Scotland Office and Office of the Advocate General for Scotland.

External links edit

  • The receipts and payments account for the Scottish Consolidated fund for the period 1 April 2003 to 31 March 2004
  • Report on the 2006/2007 Audit, by Audit Scotland