03 March 2016
The National Assembly’s Finance Committee has published the following scrutiny report on the budget.
The main changes between the Welsh Government’s Draft and Final Budgets are as follows:
Revenue – £2.5 million allocations from reserves.
- £2.5 million top up revenue funding for Powys, Ceredigion and Monmouthshire local authorities.
The Final Budget reverses a planned cut of £374,000 to the Welsh Books Council. This funding is transferred from the “Sectors” budget line.
Capital- £100 million and £20 million financial transactions (loan) allocations from reserves.
- £50 million for investing in transport networks
- £10 million for the Intermediate Care Fund
- £10 million for the Welsh Ambulance Service
- £10 million for obstetric, neonatal and paediatric developments across Wales
- £10 million for the 21st Century Schools and Education programme
- £5 million for the Green Growth fund, £3 million for Warm Homes Arbed and £2 million for the Coastal Risk Management Programme.
- In terms of loan funding £10 million for Land for housing scheme and £10 million for the Town Centre Loan Fund
The Draft Budget originally announced a reduction of £41.1 million for the Higher Education Council for Wales (HEFCW) compared to 2015-16 funding for the higher education sector. The Final Budget reduces this to a £20 million decrease. The technical transfer of £21.1 million from HEFCW’s budget, to budget line from which tuition fee grant is now paid will no longer go ahead in 2016-17. The Final Budget documentation also commits to providing a further £10 million funding to the HEFCW budget: £5 million for part-time provision and £5 million for research. This transfer is planned to be shown in the 1st Supplementary Budget 2016-17 rather than in this Final Budget.