10 Hydref 2024 , Finance Committee
Cyllideb Atodol Gyntaf Llywodraeth Cymru 2024-25: Sesiwn dystiolaeth
So, it's a non-cash element again for a—. It doesn't form part of, as you say, something that you can spend.
10 Hydref 2024 , Finance Committee
Cyllideb Atodol Gyntaf Llywodraeth Cymru 2024-25: Sesiwn dystiolaeth
Thank you very much. Okay. Mike.
10 Hydref 2024 , Finance Committee
Cyllideb Atodol Gyntaf Llywodraeth Cymru 2024-25: Sesiwn dystiolaeth
And it was non-cash.
10 Hydref 2024 , Finance Committee
Cyllideb Atodol Gyntaf Llywodraeth Cymru 2024-25: Sesiwn dystiolaeth
Yes.
10 Hydref 2024 , Finance Committee
Cyllideb Atodol Gyntaf Llywodraeth Cymru 2024-25: Sesiwn dystiolaeth
Maybe Sharon could.
10 Hydref 2024 , Finance Committee
Cyllideb Atodol Gyntaf Llywodraeth Cymru 2024-25: Sesiwn dystiolaeth
Okay. Well, my last question, and it's moving on to something slightly different: one of the items outlined in the supplementary budget is a correction of a previous consequential adjustment valued at £1.2 million. Can you explain what the issue was and…
10 Hydref 2024 , Finance Committee
Cyllideb Atodol Gyntaf Llywodraeth Cymru 2024-25: Sesiwn dystiolaeth
Yes, where would those—?
10 Hydref 2024 , Finance Committee
Cyllideb Atodol Gyntaf Llywodraeth Cymru 2024-25: Sesiwn dystiolaeth
The accountant sat next to you is smiling. [Laughter.]
10 Hydref 2024 , Finance Committee
Cyllideb Atodol Gyntaf Llywodraeth Cymru 2024-25: Sesiwn dystiolaeth
Mike.
10 Hydref 2024 , Finance Committee
Cyllideb Atodol Gyntaf Llywodraeth Cymru 2024-25: Sesiwn dystiolaeth
Rhianon, did you want to come in on that?
10 Hydref 2024 , Finance Committee
Cyllideb Atodol Gyntaf Llywodraeth Cymru 2024-25: Sesiwn dystiolaeth
There we are.
10 Hydref 2024 , Finance Committee
Cyllideb Atodol Gyntaf Llywodraeth Cymru 2024-25: Sesiwn dystiolaeth
One of the other things, and you touched upon it in your answer to a previous question, was the flexibility to be able to switch capital and revenue, something that we focused quite heavily on when we were talking about the mythical £900 million, and we were…
10 Hydref 2024 , Finance Committee
Cyllideb Atodol Gyntaf Llywodraeth Cymru 2024-25: Sesiwn dystiolaeth
You talked a bit about capital, and, when your predecessor was with us, we were talking about overprogramming capital. Is that policy still working, and are you confident and comfortable with that overprogramming, and is it going to deliver? Are you able to…
10 Hydref 2024 , Finance Committee
Cyllideb Atodol Gyntaf Llywodraeth Cymru 2024-25: Sesiwn dystiolaeth
It's not a gatekeeper.
10 Hydref 2024 , Finance Committee
Cyllideb Atodol Gyntaf Llywodraeth Cymru 2024-25: Sesiwn dystiolaeth
Talking—. Oh, did you want to come in, Peter?
10 Hydref 2024 , Finance Committee
Cyllideb Atodol Gyntaf Llywodraeth Cymru 2024-25: Sesiwn dystiolaeth
Rhianon, did you want to come in on that?
10 Hydref 2024 , Finance Committee
Cyllideb Atodol Gyntaf Llywodraeth Cymru 2024-25: Sesiwn dystiolaeth
It's not a priority for them.
10 Hydref 2024 , Finance Committee
Cyllideb Atodol Gyntaf Llywodraeth Cymru 2024-25: Sesiwn dystiolaeth
I’ve got Mike, and I’ve got Rhianon as well. So, Mike.
10 Hydref 2024 , Finance Committee
Cyllideb Atodol Gyntaf Llywodraeth Cymru 2024-25: Sesiwn dystiolaeth
You were in the room in those negotiations, weren't you?
10 Hydref 2024 , Finance Committee
Cyllideb Atodol Gyntaf Llywodraeth Cymru 2024-25: Sesiwn dystiolaeth
You mentioned the last time we met and also in the Chamber that you’ve had the Finance: Interministerial Standing Committee recently, and we’ve spoken about potential changes to the fiscal framework around borrowing, draw-down from the Wales reserve, and…
10 Hydref 2024 , Finance Committee
Cyllideb Atodol Gyntaf Llywodraeth Cymru 2024-25: Sesiwn dystiolaeth
So, effectively, it's a balancing-the-books exercise and, potentially, things might change again on 30 October, depending on decisions made there.
10 Hydref 2024 , Finance Committee
Cyllideb Atodol Gyntaf Llywodraeth Cymru 2024-25: Sesiwn dystiolaeth
Great, thank you. Thank you for that explanation. You've increased the revenue that you're drawing down from the Wales reserve by £39 million, up to £125 million. Why have you decided to do this now rather than wait until after the UK budget in October?
10 Hydref 2024 , Finance Committee
Cyllideb Atodol Gyntaf Llywodraeth Cymru 2024-25: Sesiwn dystiolaeth
Bore da. Welcome. It's good to have you with us again. We're doing this regularly now, so—. It's good to have you with us, anyway. We've had the Welsh Government's first supplementary budget, and we'll explore some of the aspects within that this morning for…
10 Hydref 2024 , Finance Committee
Cyllideb Atodol Gyntaf Llywodraeth Cymru 2024-25: Sesiwn dystiolaeth
So, this is item 4. We're back with the Welsh Government's first supplementary budget and the evidence session, and witnesses are here. I'll just ask them to introduce themselves for the record, please.
10 Hydref 2024 , Finance Committee
Cyllideb Atodol Gyntaf Llywodraeth Cymru 2024-25: Sesiwn dystiolaeth
Croeso’n ôl. Rŷn ni rŵan yn ôl ar gyfer eitem 4.