Constitution for Scotland Public Consultation Hub

Section 8.7. The Government may not issue any other bonds or debt instruments other than as required by the Central Bank in settlement of foreign balance of trade deficit and as limited within its regulation by the Constitutional Monetary Authority.

Proposed Amendments to Section

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Original Version

  • Avatar admin
    Administrator #1  •  2020-08-20 17:49:04

    Section 8.7. Section 8.7. The Government may not issue any other bonds or debt instruments other than as required by the Central Bank in settlement of foreign balance of trade deficit and as limited within its regulation by the Constitutional Monetary Authority.

Proposed Amendment to Section 8.7.

  • Tim Rideout

    State Borrowing

    Section 8.7. In the interests of managing the economy to achieve full employment of labour and other resources of the State, the Government may borrow by means of issuing bonds denominated in the Scottish Currency, by over-drawing the Treasury accounts at the Scottish Reserve Bank or by such other methods as may be authorised from time to time by Parliament.


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