Fiscal Implications of COVID-19

As an amendment to motion S5M-22033 in the name of Kate Forbes (Fiscal Implications of COVID-19), leave out from “that the funding requirements” to “impact of COVID 19” and insert “the Scottish Government’s current borrowing powers and the extent to which they have been used in the current 2020-21 budget; further notes that the Scottish Government now plans to make use of a further £66 million of reserves, leaving a total of £165 million in the Scotland Reserve; acknowledges that the UK Government is estimated to have spent in excess of £10 billion in Scotland throughout the course of this crisis to date; agrees that the Fiscal Framework concluded by both the UK and Scottish governments in 2016 is currently operating as it should; welcomes the protection of 800,000 Scottish jobs, thanks to the UK Government’s unprecedented economic interventions".