The UK Government has also announced that £0.4 billion will be available UK-wide on the shared prosperity fund in 2022-23, £0.7 billion in 2023-24, and £1.5 billion in 2024-25. So, clearly, by anyone's reckoning, we are absolutely being short-changed of the £375 million that we would have had annually through the EU had we remained in it and had the UK Government kept its promise that we wouldn't be a penny worse off.

Llyr Gruffydd also talked about farm funding, and that's another area where the UK Government has let us down badly. Our rural communities and farmers will lose out on at least £106 million of replacement EU funding over the spending review period, on top of the £137 million not provided for by the UK Government in this financial year. So, we completely disagree with the UK Government's assertion that they've met their obligations to provide replacement funding for farmers and rural development through a combination of replacement funding from the spending review and Wales's remaining EU funding. It's just a really disingenuous way of describing the way in which they're providing support for our rural communities, and, again, it will have real impacts for farming communities across Wales.

The issue of borrowing was also referred to, and this again is an area where if we did have greater flexibility then we could certainly plan better and we could make the most of our borrowing capacity. Our draft budget does reflect our plans to maximise our capital borrowing, drawing the maximum annual drawdown of £150 million a year, borrowing an additional £450 million up to 2024-25, and that's the maximum that we can currently access within the fiscal framework. So, we would like to raise the annual borrowing that we're able to access, and also the overall amount of borrowing that we're able to access. Those discussions are ongoing with the UK Government. We're not making any progress at the moment, but there will still be arguments that we continue to make alongside colleagues in the other devolved Governments. But I will add that we always, in our budgets, plan to draw down the full borrowing. The reason why it isn't allocated at the end of the year is as a result of late in-year changes announced by the UK Government that impact on our overall budget.

I also draw colleagues' attention to the fact that for the first time this year we're using an over-allocation of general capital, so that will help us to further stretch every available pound of capital funding, and will hopefully give us an opportunity really to provide flexibility for ourselves in the absence of it from the UK Government. 

I've talked about borrowing, so I'll also mention tax. Our draft budget uses tax forecasts published by the Office for Budget Responsibility in the Welsh taxes outlook, and taken together, WRIT, LTT, LDT and NDR will contribute around £3.9 billion to the Welsh Government budget in 2022-23, and that rises to £4.3 billion in 2024-25. This is the first multi-year budget since tax devolution, so it's important to note that future forecasts won't only affect in-year budget management in 2022-23, but also the overall budgetary arithmetic for 2023-24 and 2024-25, and I know that we'll be discussing that with the Finance Committee in due course. But it does really speak, I think, to the need to continue our efforts to grow our Welsh tax base, and you can see examples throughout the budget as to how we intend to do that. The personal learning accounts would be one really good example of how we intend to support people and continue to support people to maximise their income. So, I think that that's an area we can be very proud of, and an area, actually, where we've been doing some really good work in terms of gender budgeting, and I look forward to opportunities to discuss that further in committees.

I'll respond to some of the main policy areas that were referred to in the debate—social care, of course, being one. So, we're committed to providing social care with the funding it needs. In addition to the investment via the revenue support grant, we're providing £60 million additional funding to drive forward wider reforms to the sector and to place it on that sustainable footing for the future. In 2022-23 alone, we're providing over an additional £250 million for social services, and that includes £180 million provided within the local government settlement, direct investment of £45 million, plus £50 million of additional social care capital relative to 2021-22. And we've worked really closely with the WLGA, with the Association of Directors of Social Services, to understand the amount of funding that would be required to support social services, so I'm pleased that we've been able to give it the priority that it deserves. And alongside this, of course, in terms of capital, in 2024-25 we'll invest a total of £110 million of capital in primary and community care to support our vision for integrated and accessible infrastructure. And we're investing £180 million to support a range of social care programmes to both invest and improve in the residential care infrastructure, and also to support investment in the new integrated health and social care hubs. So, there's a lot of exciting work going on in that space.