Will the Minister state whether contingent liabilities in the form of government guarantees have been entered into by the Government in order to facilitate economic development during the last five years?
Answered by Cabinet Secretary for Economy and Infrastructure | Answered on 14/12/2016
During the last 5 years there has been one instance where there has been a guarantee entered into to facilitate economic development which appeared as a contingent liability in the Welsh Government accounts .
In this particular case the guarantee was subsequently called , but the sums of money involved were recovered by Welsh Government following the realisation of assets.