Questions Without Notice from Party Spokespeople

Part of 1. Questions to the Minister for Finance and Trefnydd – in the Senedd at 1:47 pm on 25 November 2020.

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Photo of Rebecca Evans Rebecca Evans Labour 1:47, 25 November 2020

Well, as Rhun ap Iorwerth says, any bonds would count towards our Welsh Government borrowing, and of course we have that aggregate limit of £1 billion and a maximum borrowing of £150 million in any one year, which is a relatively small amount of money in the greater scheme of things. He'll also be aware of the discussions that we've had previously, that Welsh Government will always look to use the cheapest forms of borrowing first, and of course bonds come at the more expensive end, which is why it's not something that we've pursued thus far. But I do share his keenness to have greater flexibility in terms of borrowing, so increasing the amount that we could borrow on an annual basis, but then also increasing that overall aggregate figure as well.