Rebecca Evans MS, Minister for Finance and Local Government
Today, I have tabled the Welsh Government’s final Budget for 2022-23. In addition to the steps we have already set out in the draft Budget, to meet our ambition of a fairer, greener, stronger Wales, this Government has taken further steps to help those most affected by the cost of living crisis by allocating a package of over £160m of measures in 2022-23 to help those most in need. The package is reflected in our final Budget allocations with more details available here.
The final Budget also includes Financial Transaction capital allocations and a number of administrative changes including those related to the Invest to Save programme.
The final Budget documents are available in Welsh and English on the Welsh Government’s website:
- Annual Budget Motion;
- Budget Expenditure Lines (BEL tables); and
- Final Budget Explanatory Note.
The following document, which is part of the suite of documents published today, is also available:
- Office for Budget Responsibility independent assessment of our tax proposal – Welsh Taxes Outlook, February 2022 update.
The UK Government has announced its plans for a Spring Statement on 23rd March. My intention is to make a statement as early as possible following this to provide an update on forecasts and the detail of any funding consequentials for Wales.
The final Budget debate and vote will take place in the Senedd on 8 March.