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Scottish budget details set out | Scottish budget details set out |
(about 6 hours later) | |
Scottish ministers are to set out detailed plans to speed up capital investment in key projects which it is hoped will create 4,000 jobs. | Scottish ministers are to set out detailed plans to speed up capital investment in key projects which it is hoped will create 4,000 jobs. |
The announcement comes as the Scottish Government's planned budget for the next financial year is published. | |
The government has £33bn to spend in the coming year. | The government has £33bn to spend in the coming year. |
Labour want the budget reshaped to target action on boosting the economy, while the Lib Dems have called for a 2p income tax cut. | Labour want the budget reshaped to target action on boosting the economy, while the Lib Dems have called for a 2p income tax cut. |
The Budget Bill setting out the government's plans was laid before the Scottish Parliament on Thursday and will be formally published on Friday. | The Budget Bill setting out the government's plans was laid before the Scottish Parliament on Thursday and will be formally published on Friday. |
Capital spending | Capital spending |
But alongside that current expenditure, ministers will also set out plans to boost capital spending in health and education projects. | But alongside that current expenditure, ministers will also set out plans to boost capital spending in health and education projects. |
With Treasury agreement, they are accelerating £260m of investment. | With Treasury agreement, they are accelerating £260m of investment. |
Finance Secretary John Swinney will explain how that will be spent and will forecast that the investment could produce 4,000 much-needed jobs. | Finance Secretary John Swinney will explain how that will be spent and will forecast that the investment could produce 4,000 much-needed jobs. |
More generally, Mr Swinney will pursue deals with other parties in an effort to get his budget endorsed at Holyrood. | More generally, Mr Swinney will pursue deals with other parties in an effort to get his budget endorsed at Holyrood. |
Labour leader Iain Gray said: "I am ready and willing to offer Scottish Labour's support for any serious proposal that will boost the economy, but if the SNP's budget puts jobs and services at risk we will not support it." | Labour leader Iain Gray said: "I am ready and willing to offer Scottish Labour's support for any serious proposal that will boost the economy, but if the SNP's budget puts jobs and services at risk we will not support it." |
Lib Dem Finance spokesman Jeremy Purvis said: "Our door remains open to the SNP as the economy needs a radical response from this Budget. So far they have been worryingly arrogant and complacent. They must realise that this puts their budget at risk." | Lib Dem Finance spokesman Jeremy Purvis said: "Our door remains open to the SNP as the economy needs a radical response from this Budget. So far they have been worryingly arrogant and complacent. They must realise that this puts their budget at risk." |