5. Statement by the Minister for Finance and Local Government: Progress on Gender Budgeting

Part of the debate – in the Senedd at 4:41 pm on 5 July 2022.

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Photo of Carolyn Thomas Carolyn Thomas Labour 4:41, 5 July 2022

One crucial way to ensure that budgeting delivers for women is through making strategic investments in the care sector. We know that these investments would not just deliver for women, they would also boost our economy and increase overall employment.

Research has shown that investing 2 per cent of GDP in care would create almost as many jobs for men as investing in construction industries, but would create up to four times as many jobs for women. In the UK, this would increase women's employment rate by 5 per cent and would have large positive effects on economic growth and debt reduction, and would help local communities as well. Such investments would also be consistent with transitions towards a low-carbon economy. So, Minister, may I ask what the Welsh Government is doing to explore such strategic investments in care as part of building back post COVID? Thank you.