14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
Thank you. Peter, did you want to come in?
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
I'll bring Peter in in a second now. Two questions. The £150 million that you're intending to borrow, obviously interest rates have shot up recently, so how are you factoring the cost of borrowing into the budget? And—it might be a question for Andrew, I'm…
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
Thank you. So, if we move on to the fiscal levers that we do hold here—tax borrowing and forecasting: what approaches are being proposed in this budget to maximise the funding available to the Welsh Government for 2023-24, in terms of changes to taxation…
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
Thanks. Okay, thank you very much. Just whilst we're talking about the UK Government, in terms of funding and consequentials allocated in the autumn statement, has there been any improvement in transparency?
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
Eighty-seven million pounds left there, just in case.
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
Okay, thank you. So, there's just over £90-odd million? It depends if my sums are correct. No, 80—
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
Peter.
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
Okay. Joyce, and then Peter.
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
And the Wales reserve is currently at what level?
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
With regard to reserves, you said all the reserves are allocated now, or—
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
Right. Okay. Fair enough. So, let's move on to funding available to the Welsh Government. So, I'd like to look at the draft budget and transparency of UK Government funding. I know this has been a hot topic for us in the past. What level of reserves are being…
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
And is that your intention, if you need to?
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
Right, okay. Yes, that's fine. So, in your outturn report for 2021, it reported His Majesty's Treasury had denied you the flexibility to offset your capital overspend with some of the revenue underspend. Is the Welsh Government still able to switch from…
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
And is that closer to the eight or closer to the three?
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
So, just to remind us: what's the average inflation that you've taken across this budget?
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
Okay. Moving on to the impact of inflation, and in the news in the last couple of days, I think, inflation is dropping a little bit. I'm just wondering if you could give us an idea of where you see inflation over the shorter period, anyway, and then what…
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
And with making those decisions, is it individual Ministers who have been deciding those issues, deciding those solutions, and then coming back to you, or have you been giving them directions to say, 'Well, you should be extending this term, because this work…
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
Okay. Thanks, Peter. You talked about maybe pausing or deprioritising some of the funding. What real-terms impact is that going to have on that house building or on the communities for learning? Is that pushing end dates backwards? What's the thought process…
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
I think Peter wants to come in.
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
Mike.
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
Lovely, great. Well, croeso cynnes. Thank you very much for making yourselves available today. I'd like to start with looking at the economic context and to clarify some of the overall principles and aims underpinning the budget, and how inflation has changed…
14 Rhagfyr 2022 , Finance Committee
Craffu ar Gyllideb Ddrafft Llywodraeth Cymru ar gyfer 2023-24: Sesiwn dystiolaeth 1
Croeso cynnes to the Minister. Nice to see you, hot off the back of your statement yesterday. So, we'll crack on with the first session with yourself. I think you're with us today and then you're with us in January. Could you introduce yourself and your…
14 Rhagfyr 2022 , Finance Committee
Papurau i'w nodi
Lovely, thank you. Great. Okay, we'll move on then.
14 Rhagfyr 2022 , Finance Committee
Papurau i'w nodi
We'll move on to the papers to note. There are a raft of papers to note with quite a few letters going backwards and forwards. I'd just like to pick up on paper to note 10. We've had a letter back from the First Minister about the implications of Bills, the…
14 Rhagfyr 2022 , Finance Committee
Cyflwyniad, ymddiheuriadau, dirprwyon a datgan buddiannau
Bore da. Croeso i'r cyfarfod yma o'r Pwyllgor Cyllid. Dŷn ni'n mynd i fod yn craffu ar y gyllideb, ac mae gennym ni'r Gweinidog hefo ni'r bore yma. Dŷn ni wedi derbyn ymddiheuriad gan Rhianon, felly croeso cynnes i Joyce; mae Joyce Watson yn mynd i ymuno hefo…
