Finance Secretary Kate Forbes speaks about Government Expenditure

The transcript discusses the impact of COVID-19 on the Scottish economy, highlighting increased spending and decreased tax revenue. It explains Scotland's reliance on the UK Government for borrowing powers and the limitations on its fiscal autonomy. The text questions the sustainability of current constitutional arrangements and economic models, advocating for full control over Scotland's affairs. It compares Scotland's economic situation with other European countries, suggesting that Scotland could manage its finances independently.

According to the text, what is necessary for Scotland to manage its affairs in a sustainable fashion?

What does the text suggest about the sustainability of public finances in Scotland compared to other small advanced economies?