This draft budget sets out the government’s revenue and capital spending proposals. It also gives details of our taxation and borrowing proposals, as we exercise the new fiscal responsibilities that have come to Wales.
Under arrangements agreed by the National Assembly for Wales, the draft Budget will be published in 2 stages. The outline draft Budget published on 2 October 2018 represents the first stage. It includes detail on the financing, taxation and MEG level allocations. The detailed draft Budget published on 23 October 2018 sets out detailed portfolio spending plans.