, Finance Committee
Welsh Government Draft Budget 2027-28 - Pre-budget scrutiny: Cabinet Minister for Finance
Okay. Diolch yn fawr iawn, Cabinet Minister, and to your team as well. I can't see anybody else wanting to ask any more questions, so thank you for your time, and we'll see you again here soon, no doubt. Members, we passed a motion earlier on to move into a…
, Finance Committee
Welsh Government Draft Budget 2027-28 - Pre-budget scrutiny: Cabinet Minister for Finance
Diolch. Perhaps one last question, unless anyone else has anything they wanted to pick up at all. I'm conscious that, in terms of the pressures being faced, you've generally referred to general inflation and the impact of real-terms cuts. Are there any…
, Finance Committee
Welsh Government Draft Budget 2027-28 - Pre-budget scrutiny: Cabinet Minister for Finance
Yes, and I think we would appreciate that as a committee. I guess there are particular programmes I'm thinking about, maybe more than 10 years ago now, with the old spend-to-save programmes, where capital investment produced revenue savings in the long run…
, Finance Committee
Welsh Government Draft Budget 2027-28 - Pre-budget scrutiny: Cabinet Minister for Finance
Yes. Andrew.
, Finance Committee
Welsh Government Draft Budget 2027-28 - Pre-budget scrutiny: Cabinet Minister for Finance
Okay, thank you. And then, going back to looking ahead, in terms of capital financing, I was reflecting on your comments about the current expectation of a 9 per cent real-terms cut to capital over a three-year period. Are you doing any particular work to…
, Finance Committee
Welsh Government Draft Budget 2027-28 - Pre-budget scrutiny: Cabinet Minister for Finance
Diolch, Elfed. Thank you, Cabinet Minister, for your response to those points. We have you here for pre-budget scrutiny for the next financial year, and I'm conscious that we're also sat here having had a supplementary budget yet to be supported within this…
, Finance Committee
Welsh Government Draft Budget 2027-28 - Pre-budget scrutiny: Cabinet Minister for Finance
Diolch yn fawr. Thank you. Elfed.
, Finance Committee
Welsh Government Draft Budget 2027-28 - Pre-budget scrutiny: Cabinet Minister for Finance
Sorry, before you jump back in, Huw, the unhypothecated elements of RSG as a general principle that, rather than specific grant awards to local authorities, fall into an unhypothecated pot.
, Finance Committee
Welsh Government Draft Budget 2027-28 - Pre-budget scrutiny: Cabinet Minister for Finance
Diolch yn fawr iawn. Huw Thomas.
, Finance Committee
Welsh Government Draft Budget 2027-28 - Pre-budget scrutiny: Cabinet Minister for Finance
Thanks, Iain. Perhaps on that last point, Cabinet Minister, are the Cabinet in the right place, do you think, in terms of thinking when it comes to—? I guess any Cabinet Minister that comes in front of you and your colleagues—the Deputy First Minister and the…
, Finance Committee
Welsh Government Draft Budget 2027-28 - Pre-budget scrutiny: Cabinet Minister for Finance
Thank you, Minister. Anything else, Lyn, from your side, before I bring Iain in? No. Thank you. Iain.
, Finance Committee
Welsh Government Draft Budget 2027-28 - Pre-budget scrutiny: Cabinet Minister for Finance
Diolch yn fawr. I think Lyn has some points on this subject. Lyn, over to you.
, Finance Committee
Welsh Government Draft Budget 2027-28 - Pre-budget scrutiny: Cabinet Minister for Finance
I know I've just said that I'll bring Lyn in a second, but I'm really sorry, there's something just come into my mind with this as well. You've come into the role and have an ability to pull a lever and make a financial change in the public life of Wales or…
, Finance Committee
Welsh Government Draft Budget 2027-28 - Pre-budget scrutiny: Cabinet Minister for Finance
Thanks, Cabinet Minister. Before Lyn comes back in, Huw Thomas has a question.
, Finance Committee
Welsh Government Draft Budget 2027-28 - Pre-budget scrutiny: Cabinet Minister for Finance
Thank you very much, Cabinet Minister. Lyn.
, Finance Committee
Welsh Government Draft Budget 2027-28 - Pre-budget scrutiny: Cabinet Minister for Finance
Cabinet Minister, I think Emma wants to come in as well.
, Finance Committee
Welsh Government Draft Budget 2027-28 - Pre-budget scrutiny: Cabinet Minister for Finance
Thank you. Does anybody else want to add to that? No. Diolch yn fawr iawn. Ben.
, Finance Committee
Welsh Government Draft Budget 2027-28 - Pre-budget scrutiny: Cabinet Minister for Finance
Thanks, Sera, and thank you for that response as well. I'll bring Ben in in just a moment. I appreciate, Cabinet Minister, that you haven't sat in this position before, but, perhaps from officials' perspective—. Because spending reviews have taken place in…
, Finance Committee
Welsh Government Draft Budget 2027-28 - Pre-budget scrutiny: Cabinet Minister for Finance
Diolch yn fawr iawn. Sera.
, Finance Committee
Welsh Government Draft Budget 2027-28 - Pre-budget scrutiny: Cabinet Minister for Finance
Thanks. Just before I bring Sera in, just one last point from me on this, then. So, whilst there may not be anything concrete ahead of the Chancellor's budget at the end of this month, I'd be interested in any mood music that you may be hearing as to what…
, Finance Committee
Welsh Government Draft Budget 2027-28 - Pre-budget scrutiny: Cabinet Minister for Finance
Sure.
, Finance Committee
Welsh Government Draft Budget 2027-28 - Pre-budget scrutiny: Cabinet Minister for Finance
Thank you, Cabinet Minister—
, Finance Committee
Welsh Government Draft Budget 2027-28 - Pre-budget scrutiny: Cabinet Minister for Finance
Is it different to what you expected in terms of the challenges you're facing?
, Finance Committee
Welsh Government Draft Budget 2027-28 - Pre-budget scrutiny: Cabinet Minister for Finance
Thank you, Cabinet Minister, and you’ve outlined those challenges in terms of the real-terms cuts that you will be having to manage. Clearly, there are areas outside of your control, outside of many of our control, in terms of global events and the pressures…
, Finance Committee
Welsh Government Draft Budget 2027-28 - Pre-budget scrutiny: Cabinet Minister for Finance
Diolch yn fawr. Thank you again for being with us this morning. We have just over an hour together to talk through this pre-budget scrutiny. I appreciate, Cabinet Minister, it's your first budget to plan for and work towards. I'm just wondering, perhaps, as a…
