Part of 1. 1. Questions to the Cabinet Secretary for Finance and Local Government – in the Senedd at 1:56 pm on 15 March 2017.
The Wales Governance Centre has helpfully recently published a report where it sets out total Welsh public sector spending by all levels of Government. The most recent year—2014-15—for which they have comparable data was £38 billion. That compares with total public sector revenues drawn from Wales of £23.3 billion. So, the report finds that Wales’s net fiscal balance was a deficit of £14.7 billion, almost the same as Scotland, despite a significantly smaller economy, which would leave a fiscal gap of 24 per cent of GDP. Given that gap, and Wales’s dependence on fiscal transfers from England, is it sensible for the First Minister to say that Scotland should be the model for Wales?