What is the Minister's assessment of the implications of the £4.6m released from the capital funding?
Following months of intensive cross-government work, the Welsh Government has developed a prudent plan to respond to the extraordinary financial pressures facing public services. Speaking in the Senedd on 17 October the Finance Minister Rebecca Evans set out that the priority for this government is to protect core services, jobs, and people hardest hit by the current cost of living crisis. She announced a package of changes to spending plans.
Every ministerial portfolio was asked to make a contribution to meet the extraordinary financial pressures. Ministers have re-prioritised spending and activities as much as possible, rather than cutting programmes as a whole.
This has included £4.6m from my capital budgets which has arisen through in-year management consideration of forecasts of capital expenditure.
Further details will be provided in the second supplementary budget.