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