Scotland's Fiscal Outlook: The Scottish Government's Medium-Term Financial Strategy

List of Acronyms

AGER:

Advisory Group on Economic Recovery

AME:

Annually Managed Expenditure

BPRG:

Budget Process Review Group

BGA:

Block Grant Adjustment

COVID-19:

Coronavirus Disease 2019

CPI:

Consumer Price Index

CSR:

Capital Spending Review

EU:

European Union

FFFP:

Fines, Forfeitures and Fixed Penalties

FT:

Financial Transaction

GDP:

Gross Domestic Product

HM:

Her Majesty's

HMRC:

Her Majesty's Revenue and Customs

HMT:

Her Majesty's Treasury

IIP:

Infrastructure Investment Plan

IPC:

Indexed Per Capita

IT:

Income Tax

LBTT:

Land and Buildings Transaction Tax

MSP:

Member of the Scottish Parliament

MTFS:

Medium-Term Financial Strategy

NDR:

Non-Domestic Rates

NHS:

National Health Service

NIM:

National Investment Mission

NLF:

National Loans Fund

NPF:

National Performance Framework

NSET:

[10-Year] National Strategy for Economic Transformation

NSND:

Non-savings, and non-dividend

OBR:

Office for Budget Responsibility

OECD:

Organisation for Economic Co-operation and Development

ONS:

Office for National Statistics

PAYE:

Pay As You Earn

PfG:

Programme for Government

PIP:

Personal Independence Payment

RPI:

Retail Price Index

REP:

Regional Economic Partnership

RSR:

Resource Spending Review

rUK:

Rest of the United Kingdom (i.e. England, Wales and Northern Ireland)

SDA:

Severe Disablement Allowance

SFC:

Scottish Fiscal Commission

SIT:

Scottish Income Tax

SLfT:

Scottish Landfill Tax

UK:

United Kingdom

UKG:

UK Government

VAT:

Value Added Tax

YOY:

Year on Year