Meeting of the Parliament 29 October 2024
Yes, I would. I will shortly come on to outline what we need to do to bring all that together in one place so that we can look at it collectively across all parts of Government, because we cannot look at it in just one part.
With the powers that we have, we have already taken meaningful steps in order to improve the financial outlook. We have made difficult choices on spending for the budget for 2024-25 and, as the year has progressed, we have taken further steps, including those that were announced in the recent fiscal statement, along with other measures that we have had to take.
Increased additional scrutiny has also been applied to expenditure via emergency controls. Through those emergency controls and the savings that have been announced, we will seek to minimise the use of ScotWind in 2024-25 to achieve a balanced budget, because we recognise the importance of that for investment.
We have also improved sustainability through our tax choices, and we estimate that our income tax policy choices will raise an additional £1.5 billion in 2024-25. We will announce our tax policy decisions during the annual budget process.