Scottish Consolidated Fund
E603874
The Scottish Consolidated Fund is the central account into which most public revenues for Scotland are paid and from which the Scottish Government’s expenditure is drawn, functioning as the core financial mechanism for devolved funding.
Statements (42)
| Predicate | Object |
|---|---|
| instanceOf |
government fund
ⓘ
public finance mechanism ⓘ |
| accountableTo | Scottish Parliament NERFINISHED ⓘ |
| beneficiary |
Scottish Administration
NERFINISHED
ⓘ
devolved public services in Scotland ⓘ |
| cashManagement | operated through accounts held at the UK Debt Management Office or commercial banks ⓘ |
| category |
Government funds in the United Kingdom
ⓘ
Public finance of Scotland ⓘ |
| country | Scotland ⓘ |
| currency | Pound sterling ⓘ |
| establishedBy | devolution settlement for Scotland ⓘ |
| excludes | some reserved UK‑wide taxes ⓘ |
| expenditureDrawnBy |
Scottish Government
NERFINISHED
ⓘ
Scottish Parliamentary Corporate Body NERFINISHED ⓘ other bodies funded directly by the Scottish budget ⓘ |
| fundingSource |
assigned Scottish taxes
ⓘ
block grant from the United Kingdom Consolidated Fund ⓘ devolved Scottish taxes ⓘ non‑domestic rates income ⓘ other receipts payable to the Scottish Administration ⓘ |
| jurisdiction | Scotland ⓘ |
| legalBasis |
Scotland Act 1998
NERFINISHED
ⓘ
Scotland Act 2012 NERFINISHED ⓘ Scotland Act 2016 NERFINISHED ⓘ |
| managedBy | Scottish Government NERFINISHED ⓘ |
| oversightBy |
Audit Scotland
NERFINISHED
ⓘ
Auditor General for Scotland NERFINISHED ⓘ |
| partOf | United Kingdom public finances ⓘ |
| purpose |
to finance Scottish Government expenditure
ⓘ
to provide a central account for devolved funding ⓘ to receive public revenues for Scotland ⓘ |
| relatedTo |
Land and Buildings Transaction Tax
NERFINISHED
ⓘ
Scottish Government budget ⓘ Scottish Landfill Tax NERFINISHED ⓘ Scottish rate of income tax ⓘ United Kingdom Consolidated Fund NERFINISHED ⓘ |
| reporting | subject to annual accounts and audit ⓘ |
| requires |
annual Budget Act
ⓘ
budget authorisation by the Scottish Parliament ⓘ |
| roleInDevolution | core financial mechanism for devolved funding ⓘ |
| spendingControl | payments require statutory authority ⓘ |
| typeOfRevenue | most public revenues for Scotland ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.