Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, whether any additional funding secured from the UK Government as a result of additional borrowing powers being triggered by the Scottish Fiscal Commission under the condition of a Scotland-specific economic shock is sent to the Scottish Government as a block or is administered directly by the UK Government.

Under the Scottish Government’s fiscal framework agreement, the Scottish Government can borrow up to £600m per year – within an overall limit of £1.75bn - for any observed or forecast shortfall in devolved or assigned tax receipts or demand-led welfare expenditure in the event of a Scotland-specific economic shock. Where this provision is triggered, the Scottish Government will be able to draw down resource borrowing from the National Loans Fund within the agreed limits as deemed appropriate to manage any volatility in their budgets.