Our website is made possible by displaying online advertisements to our visitors.
Please consider supporting us by disabling your ad blocker.
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, under the Barnett formula, the UK Exchequer returned a block grant of £26.8 billion of Scottish taxpayers' money to the fund.[2]
- ^ "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" (PDF). Scotland Office and Office of the Advocate General for Scotland.
Previous Page Next Page
