<p>The Green Budget Findings</p>

Part of 1. 1. Questions to the Cabinet Secretary for Finance and Local Government – in the Senedd at 1:33 pm on 15 February 2017.

Alert me about debates like this

Photo of Mark Drakeford Mark Drakeford Labour 1:33, 15 February 2017

I agree with Andrew R.T. Davies that you’ve got to take the fiscal framework alongside the IFS green budget, because the one does have some potential to mitigate the other. The £600 million figure in the report produced by the IFS and the Wales Governance Centre is within the range of £500 million to £1 billion that we set out in our estimate of what the fiscal framework would bring to Wales. It’s there, Llywydd, to be balanced against some of the risks that we are taking on as part of the fiscal framework. Nevertheless, our estimate is close to that of yesterday’s report, but shows that, even when those risks are taken into account, the fiscal framework will bring additional revenue to Wales, and we will want to put it to work to mitigate some of the cuts that the green budget demonstrates are coming our way.