Part of 1. 1. Questions to the Cabinet Secretary for Finance and Local Government – in the Senedd at 1:52 pm on 15 March 2017.
Thank you, Cabinet Secretary. As you know, there was cross-party support for the fiscal framework and we welcome its implementation. This morning, in Finance Committee, we took evidence from the Office for Budget Responsibility on the next big challenge—accurate forecasts of Welsh tax is no easy task. I’m sure you agree accuracy is vital, because the forecasts will be used to make future block grant deductions. What discussions have you had with the OBR about forecasting and how do you envisage working with them in the future to ensure that forecasts are as accurate as possible?