Minister Denies 'Spare Change' Left in Pockets

The ScotsmanJune 24, 2005

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Summary


IT IS KNOWN in the business as EYF: End Year Flexibility. To the outside observer, it is a baffling series of figures and projections produced annually by the Scottish Executive.

To those who can penetrate the tables and statistics, it is a useful tool to explain the amount of money that ministers "failed" to spend out of the GBP 24 billion the parliament has allocated them this financial year and which will be carried over into next year's budget.

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Extract


Minister Denies 'Spare Change' Left in Pockets

In previous years the Executive has struggled to spend all the money that it has been given from the Treasury in London under the Barnett formula system, leading to claims of incompetence and a suspicion that Scotland was over-funded...

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