6. Debate: The First Supplementary Budget 2018-19

Part of the debate – in the Senedd at 4:22 pm on 10 July 2018.

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Photo of Mark Drakeford Mark Drakeford Labour 4:22, 10 July 2018

(Translated)

Over the next few months, I will be monitoring our financial situation very carefully, of course, and I intend to lay a second supplementary budget in accordance with the usual timetable. I continue to look with colleagues at the case for allocations from funds in-year, whilst continuing to retain a level of resource that is sufficient for the financially uncertain period in which we work. This will allow us to respond when necessary to further possible pressures on the budget and to carry funds forward through the Welsh reserve fund. Any further allocations from reserves this year will be reflected in the second supplementary budget. I would like to thank the Finance Committee once again for their work in scrutinising this supplementary budget, and I ask Members to support it.