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.

All labels observed (1)

Label Occurrences
Scottish Consolidated Fund canonical 2

How this entity was disambiguated

Statements (42)

Predicate Object
instanceOf government fund ⓘ
public finance mechanism ⓘ
accountableTo Scottish Parliament ⓘ
beneficiary Scottish Administration ⓘ
linked to: Scottish Government

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 ⓘ
Scottish Parliamentary Corporate Body ⓘ
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 ⓘ
Scotland Act 2012 ⓘ
Scotland Act 2016 ⓘ
managedBy Scottish Government ⓘ
oversightBy Audit Scotland ⓘ
Auditor General for Scotland ⓘ
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 ⓘ
Scottish Government budget ⓘ
Scottish Landfill Tax ⓘ
Scottish rate of income tax ⓘ
United Kingdom Consolidated Fund ⓘ
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 ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Welsh Consolidated Fund → relatedTo → Scottish Consolidated Fund ⓘ
Northern Ireland Consolidated Fund → relatedTo → Scottish Consolidated Fund ⓘ