The funding of the Scottish Parliament's new social security responsibilities : how will it work and what are the risks? 21 key questions (and answers)

Eiser, David (2019) The funding of the Scottish Parliament's new social security responsibilities : how will it work and what are the risks? 21 key questions (and answers). Fraser of Allander Economic Commentary, 43 (4). ISSN 2046-5378

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      Abstract

      Eleven social security payments associated with spending of around £3.5bn per annum are being devolved to the Scottish Parliament. Financial responsibility will largely be transferred in 2020, although the full roll-out of Scottish specific payments will take longer. This paper reviews the financial and budgetary implications of this transfer of fiscal responsibility. It considers how the Scottish block grant is being adjusted to reflect the transfer of responsibility, the risks associated with forecasting spending on ‘demand-led’ social security payments and how forecast error can be addressed; and issues around the concept of ‘policy spillovers’.

      Creators(s): Eiser, David;
      Item type:Article
      ID code:70920
      Notes:This article was published alongside the Fraser of Allander Economic Commentary vol.43 no.4 2019.
      Keywords:social security, devolution, fiscal framework, budget risks, Economic Theory, Economics, Econometrics and Finance(all), Management Science and Operations Research
      Subjects:Social Sciences > Economic Theory
      Department:Strathclyde Business School > Fraser of Allander Institute
      Strathclyde Business School > Economics
      Depositing user: Pure Administrator
      Date deposited:16 Dec 2019 16:22
      Last modified:17 Jan 2021 03:13
      Related URLs:
      URI:https://strathprints.strath.ac.uk/id/eprint/70920
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