Pound coins and a five pound note.

Pound coins and a five pound note.

Finance Committee to consider impact of the Welsh Government's Draft Budget

Published 19/12/2023   |   Last Updated 19/12/2023   |   Reading Time minutes

Today, the Welsh Government lays its Draft Budget for 2024-25 before the Senedd.

The Finance Committee will begin its detailed scrutiny of the Draft Budget by taking evidence from the Minister for Finance and Local Government, Rebecca Evans MS, at tomorrow’s 9.30am meeting which is available to watch here.

The Committee will also be hosting evidence sessions with various organisations such as the Office of Budget Responsibility and the Institute of Fiscal Studies in the new year to gain the best understanding of the Welsh Government’s Draft Budget.

Ahead of the evidence sessions, the Chair of the Finance Committee, Peredur Owen Griffiths MS, said:

“The Committee will use the forthcoming evidence sessions to look under the bonnet of the Draft Budget to see whether the Welsh Government’s spending plans reflect the Minister’s rhetoric as well as the priorities of the Senedd.

“Wales is facing a difficult and uncertain economic situation, and as a Committee, we want to look at the Draft Budget in detail to see if the proposals are sustainable, affordable and whether they can be improved.

"We also want to make sure that the Welsh Government is delivering on its aims to support households, public services and businesses to deal with the cost of living crisis and the impact of high inflation.”

The Committee will publish its report on the Draft Budget on Monday 5 February with other Senedd committees also publishing reports on the impact of the Draft Budget on their respective areas on the same day.

The full timetable of the budget scrutiny process is available here.