Help to Buy – Wales Shared Equity Scheme »This shared equity loan will make up the shortfall between the purchase price of a property and the funding available to buyers through their cash deposit and mortgage offer.Learn more »
“Draft Wales Bill an important step forward” – Jane Hutt
Finance Minister Jane Hutt today welcomed the publication of the draft Wales Bill and said it was an important step forward towards Wales acquiring new financial powers.
- Welsh Government supports £7.5million investment in Ceredigion that will create 200 jobs
- New Common Agricultural Policy: Minister makes first in series of important decisions for Wales
- “Draft Wales Bill an important step forward” – Jane Hutt
In this section
- Business and economy
- Children and young people
- Culture and sport
- Education and skills
- Environment and countryside
- Equality and diversity
- Health and social care
- Public consultation on legislative changes affecting ambulance services in Wales
- Assisted Areas in Great Britain 2014-2020 - Stage 2
- Changes to the Glass Packaging Recycling Target to 2017
- Our Qualifications - Our Future: Consultation on proposals to establish a new qualifications body for Wales
- The Public Service Workforce
Featured consultation »New guidance for the Risk Assessment of Walked Routes to School
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In this section
Section highlightThe Housing (Wales) Bill
The Bill will introduce significant improvements across the housing sector to ensure that people have access to a decent, affordable home and better housing-related services.
Legislative programme 2013 - 2014 »
The First Minister detailed the 8 bills in the Welsh Government’s 5-year Legislative Programme that will be brought forward during the 3rd year of the Welsh Assembly.Learn more »
Section highlightProject pipeline update - December 2013
This Wales Infrastructure Investment Plan annex highlights planned investments and potential procurement opportunities.
Final Budget 2014-15 »
The amount of funding allocated to Welsh Government Departments for 2014-15 is £14.9bn.Learn more »
- Statistics & Research
The Welsh Government receives its budget from the UK Government. The Welsh budget is set through UK Government spending reviews, which set the budget for UK Government departments and devolved administrations. Adjustments to the Welsh budget are determined through the Barnett Formula and applied to the Welsh baseline budget. The Formula reflects changes that the UK Government makes and applies them to comparable budgets in Wales.
The resources for Wales are provided to the Wales Office following a vote by the UK Parliament. The Secretary of State for Wales retains funding for the Wales Office’s operations and the balance is transferred to Wales. Funding is allocated to the Welsh Government, Assembly Commission, the Wales Audit Office and the Public Services Ombudsman by the National Assembly for Wales.
Within the funding voted to it by the UK Parliament, the Welsh Government has total discretion over where it spends its money. A Draft Budget for the following financial year is proposed by the Welsh Government each autumn. Assembly Committees and other interested parties then scrutinise and comment on the Government’s spending proposals, before they are finalised, and approved by the National Assembly for Wales. Budget plans may be changed through a Supplementary Budget motion approved by the National Assembly for Wales.
While some of the money is spent directly by the Welsh Government in accordance with Ministerial priorities, a significant proportion is allocated to the public bodies which it sponsors and funds, for example Local Government, the NHS in Wales and Welsh Government Sponsored Public Bodies.