Well-being of Future Generations (Wales) Act 2015

Part of 1. Questions to the Minister for Finance and Local Government – in the Senedd at 2:07 pm on 25 May 2022.

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Photo of Rebecca Evans Rebecca Evans Labour 2:07, 25 May 2022

That's a really interesting question and I think that it speaks to the importance of our budget improvement plan, which I first published back in 2018, but it's become a rolling document, taking a five-year look ahead to the ways in which we improve the budget process. And that really is about exactly what you've described in terms of thinking about how we maximise the multiple gains that we get for our investments. And the example that you gave about art being so crucial for health and well-being is a really good one. I will consider that further as we start our first round of budget bilaterals with our colleagues in the Cabinet, as we start to think about the next financial year's budget—the process actually starts now, so we've only had a couple of weeks off since the last one. But that will certainly be a question that I'll explore with all of my colleagues as we start to think about the next steps.