Mark Drakeford, Cabinet Secretary for Finance
Today, the Welsh Government published the Draft Budget 2019-20, Detailed Proposals.
The Welsh Government published its outline draft Budget – A Budget to Build a Better Wales – on October 2.
This year’s Budget marks another step in our fiscal devolution journey – it is the first year revenue raised from the new Welsh rates of income tax will be included in the Welsh budget, following their introduction in April 2019.
This is the final year of the UK Government’s current Spending Review settlement, which set the Welsh Government’s revenue budget for the period 2016-17 to 2019-20 and the capital budget until 2020-21. It is also the last budget before the UK is due to leave the European Union on 29 March 2019.
The Welsh Government is today setting out its detailed spending plans for 2019-20, together with indicative capital plans to 2020-21. This document shows how we are allocating our budget in line with our priorities, which are set out in our national strategy Prosperity for All and our programme for government Taking Wales Forward. Our detailed proposals also reflect the two-year Budget agreement with Plaid Cymru for the period 2018-19 and 2019-20.
The UK Government will be publishing its Autumn Budget on 29 October. We will carefully consider the impact of the UK Government’s budget on our spending plans and will bring forward any changes to our published plans at the final Budget stage in December.
The detailed draft Budget proposals, including detailed budget expenditure line (BEL) tables, are available on the Welsh Government’s website.