Welsh Government First Supplementary Budget 2017-18

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The Assembly will be debating the Welsh Government’s First Supplementary Budget 2017-18 in Plenary on 18 July. This blog article sets out background information on the supplementary budget, and the work of the Assembly’s Finance Committee to scrutinise the allocations made in it.

The Finance Committee took oral evidence from the Cabinet Secretary for Finance and Local Government on the changes in the supplementary budget, and has produced a report that was laid before the Assembly on 14 July.

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Welsh Government Second Supplementary Budget 2016-17

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The Cabinet Secretary for Finance and Local Government (Mark Drakeford AM) laid the Second Supplementary Budget 2016-17 on 7 February 2017.  This was accompanied by an explanatory note and tables showing departmental allocations.  This supplementary budget amends the First Supplementary Budget 2016-17 approved by the National Assembly in July 2016. The Finance Committee published its report on Scrutiny of the Welsh Government Second Supplementary Budget 2016-2017 on 2 March.

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Welsh Government Second Supplementary Budget 2016-17

09 February 2017

Article by Gareth Thomas and David Millett, National Assembly for Wales Research Service

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The Cabinet Secretary for Finance and Local Government (Mark Drakeford AM) laid the Second Supplementary Budget 2016-17 on 7 February 2017.  This was accompanied by an explanatory note and tables showing departmental allocations.  This supplementary budget amends the First Supplementary Budget 2016-17 approved by the National Assembly in July 2016.

Over two thirds of the revenue allocations in this budget are additional funding to the NHS, including £75.9 million to address forecast overspends by Local Health Boards (£7.5 million of which is in addition to the £68.4 million announced in November 2016), £50 million to mitigate winter pressures, £27 million to fund a shortfall in income from the Pharmaceutical Price Regulation Scheme and £16 million to support the launch of the New Treatment Fund

Also, £20 million has been allocated to the Higher Education Funding Council for Wales to address financial demands from the recommendations of the Diamond Review, £8.5 million to establish Transport Wales to design and let the rail and South Wales Metro franchises, and £4 million to Tata Steel for skills support.

The main capital allocations are £47 million to support trunk road projects (including £22 million for M4 Route Development), £33.4 million capital grants and loans to deliver economic development priorities and £30 million to support the Programme for Government commitment to build an additional 20,000 affordable homes.

These investments are funded by a mixture of allocations from reserves and funds carried over from the previous financial year, and also takes account of changes in funding from the UK Government.

Changes in overall budget allocations, and in allocation of fiscal revenue and capital expenditure between different Welsh Government departments between the previous Supplementary Budget and this one, are summarised in the accompanying chart.

Infographic showing key allocations in the Welsh Government Second Supplementary Budget 2016-17

Draft Budget Debate

05 December 2016

Article by Martin Jennings and David Millett, National Assembly for Wales Research Service

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The Welsh Government’s Draft Budget 2017-18 will be debated in plenary on 6 December 2016.

The Finance Committee led scrutiny within the Assembly and has published the following report on the budget.

Since the Draft Budget was laid the UK Autumn Statement announced an additional £442m of capital funding spread over 2016-17 to 2020-21 and an extra £35.8m revenue between 2016-17 and 2019-20 revenue budget.  Updated Office of Budget Responsibility forecasts have increased their estimates of inflation and decreased economic growth forecasts for 2017.

These infographics show headline figures from the draft budget 2017-18.

This infographic shows headline figures from the draft budget 2017-18draft-budget-2017-18-changes-01