Written Statement: Draft Budget 2022-23

Today, I published the Welsh Government’s Draft Budget proposals for 2022-2023, which sets out our plans for a stronger, fairer and a greener Wales. The Draft Budget sets out strategic spending plans for revenue and capital, taxation and borrowing; as well as detailed portfolio budget proposals 2022-2023 and indicative spending plans for 2023-2024 and 2024-2025.

I will make an Oral Statement on the Draft Budget in the Senedd Cymru on 11^th January 2022.

The documents published today are all available on the Welsh Government website. 

• Draft Budget proposals 
• Draft Budget Narrative document, including the Strategic Integrated Impact Assessment and the Budget Improvement Plan
• Budget Expenditure Lines
• Tax Policy Report December 2021
• Draft Budget 2022-23 - leaflet

The following documents, which are part of the suite of documents published today, are also available:

• Chief Economist’s Report
• Distributional Analysis of Devolved Public Spending in Wales
• Welsh Taxes Outlook - Office for Budget Responsibility independent assessment of our tax proposal
• Wales Infrastructure Investment Strategy and accompanying Infrastructure Finance Plan
• A ready-reckoner to explain the impact of tax changes
• Consultation on local variation of Land Transaction Tax for second homes and holiday lets
• A hyperlink to the Office for Budget Responsibility’s report on its devolved tax forecasts for Wales.