#northsea #oilandgas #money #scotland #economy #growth #public #finance #barnett #fiscal #tax #revenue #spending #educateyourself #educate #business #investment
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Where does Scotland’s money come from, and why should you care? Part 2!
In this episode of Public Knowledge, Professor Mairi Spowage gives us the answers!
Speaking with Sepi Golzari-Munro in part 2 of her interview, she reveals:
- The (known) truth about the North Sea oil and gas money (and what we might never know);
- Why many of the services, networks and systems - essentially most of our national infrastructure - feels like it's creaking; and
- How the Scottish budgeting process - that determines how much money we have to invest in our nation - actually works.
If you’re curious about how taxes, government funding, and policies shape your everyday life, this episode is for you!
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Chapters
00:00 Intro
01:26 North Sea Money - Where did it go?
04:50 More devolution; more dependence?
07:16 Who is accountable?
10:11 What About the Trade-Offs
12:38 Scottish Govt BUDGET - Process & Challenges
15:30 Borrowing Powers & Our Crumbling Infrastructure
17:35 Capital Spending & Long-Term Investment
21:05 Key Interventions for a Prosperous Future
22:55 What Should Be Public Knowledge?
23:54 Outro
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Mairi Spowage is a Professor of Practice and Director of the Fraser of Allander Institute.
Her areas of expertise include economic policy, economic statistics, national accounting, public sector finances, and economic and fiscal forecasting. She is regularly asked to give evidence on economic and fiscal matters at Parliamentary Committees, such as the Finance and Constitution Committee and the Economy, Jobs and Fair Work Committee.
Previously, Mairi was the Deputy Chief Executive of the Scottish Fiscal Commission and the Head of National Accounts at the Scottish Government, and has over 15 years of experience working in different areas of statistics and analysis, including transport, household surveys and performance measurement.
More information about Mairi and her work can be found at: https://pureportal.strath.ac.uk/en/persons/mairi-spowage
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