Draft Budget 2026 to 2027

Supporting documents

2026-2027 Budget documentation

This year we published a 2-stage Draft Budget, as set out in the Budget Protocol between the Senedd and the Welsh Government.

Stage 1 is the Outline Draft Budget. This sets out the Welsh Government’s high level strategic fiscal proposals for expenditure and financing. It provides details on how the Welsh Government is utilising its fiscal responsibilities for devolved taxation and borrowing.

Stage 2 is the Detailed Draft Budget. This sets out individual portfolio spending plans, including the Budget Expenditure Line details.

To help you understand the process better, we’ve produced a list of documents published at each stage.

Stage 1: Outline Draft Budget – 14 October

• Draft Budget Proposals
• Outline Draft Budget Report
• Tables supporting spending plans
• Budget Improvement Plan
• Draft Budget Explainer
• Welsh Tax Policy report 2025
• Wales Economic and Fiscal Report and Wales Economic and Fiscal Report: 5 essential insights
• Link to OBR forecasts for the Devolved Welsh Taxes

Stage 2: Detailed Draft Budget – 3 November

• Detailed Draft Budget Report
• Tables supporting spending plans
• Strategic Integrated Impact Assessment
• Budget expenditure lines
• Implementation costs of legislation
• Distributional Analysis of Devolved Public Spending in Wales 2026-2027
• Infrastructure Finance Plan
• Consultation on legislative proposals relating to the Welsh Tax Acts