(1)This section applies where the Scottish Ministers prepare—
(a)a [F1Scottish budget document] for a financial year, or
(b)a [F2medium term financial outlook] for a financial year,
which has not been informed by a forecast for that financial year contained in a report prepared by the Commission under section 2(2).
(2)The Scottish Ministers must prepare a statement explaining why they disagree with the forecast.
(3)The Scottish Ministers must lay the statement before the Scottish Parliament on the same day as that on which (as the case may be)—
(a)they lay before the Parliament the [F3Scottish budget document] for the financial year, or
(b)a member of the Scottish Government [F4publishes the medium term financial outlook] for the financial year.
[F5(4)In this section, “medium term financial outlook” and “Scottish budget document” have the same meanings as in section 5(7).]
Textual Amendments
F1Words in s. 7(1)(a) substituted (1.7.2018) by The Scottish Fiscal Commission (Modification of Functions) Regulations 2018 (S.S.I. 2018/213), regs. 1, 2(5)(a)
F2Words in s. 7(1)(b) substituted (1.7.2018) by The Scottish Fiscal Commission (Modification of Functions) Regulations 2018 (S.S.I. 2018/213), regs. 1, 2(5)(b)
F3Words in s. 7(3)(a) substituted (1.7.2018) by The Scottish Fiscal Commission (Modification of Functions) Regulations 2018 (S.S.I. 2018/213), regs. 1, 2(5)(c)
F4Words in s. 7(3)(b) substituted (1.7.2018) by The Scottish Fiscal Commission (Modification of Functions) Regulations 2018 (S.S.I. 2018/213), regs. 1, 2(5)(d)
F5S. 7(4) inserted (1.7.2018) by The Scottish Fiscal Commission (Modification of Functions) Regulations 2018 (S.S.I. 2018/213), regs. 1, 2(5)(e)
Commencement Information
I1S. 7 in force at 1.4.2017 by S.S.I. 2016/326, reg. 2(2)