Night time economy framework »The framework aims to help develop a sustainable, healthy and safe night time economy in Wales.Learn more »
EU student funding guarantee for Welsh universities announced
EU students applying for a place at Welsh universities for the 2018/19 academic year will be eligible for financial support, Education Secretary Kirsty Williams announced today (Mon 24 April).
- Over £1m of Welsh Government funding helps children get a Flying Start
- Swansea based Oyster Bay Systems expands and set to create 19 new jobs with Welsh Government support
- EU student funding guarantee for Welsh universities announced
In this section
Section highlightLandfill Disposals Tax Communities Scheme
The scheme will support local community and environmental projects in areas affected by the disposal of waste to landfill.
Final Budget 2017-18 »
The amount of funding allocated to Welsh Government Main Expenditure Groups (MEGs) for 2017-18 is £15bn.Learn more »
- Statistics & Research
Upcoming calendar »
See the schedule for all statistics and research releases.
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.