, Finance Committee
Scrutiny of the Welsh Government Draft Budget 2024-25: Evidence session 3
Thank you. You mentioned earlier that the capital budget hasn't really been affected, plus we talked about that it was overprescribed anyway, and also the potential switch from capital to revenue. Have you looked at the cumulative effect of that on the…
, Finance Committee
Scrutiny of the Welsh Government Draft Budget 2024-25: Evidence session 3
We talked a little bit earlier about inflation and the impact of that on certain departments, and the lag in particular of some contracts, retrospectively, looking back at what inflation was. Obviously, inflation is reducing, and reducing fairly rapidly at…
, Finance Committee
Scrutiny of the Welsh Government Draft Budget 2024-25: Evidence session 3
Peter.
, Finance Committee
Scrutiny of the Welsh Government Draft Budget 2024-25: Evidence session 3
And capital was overprescribed as well. I seem to remember the finance Minister talking about that as well. Any thoughts on this, Ed?
, Finance Committee
Scrutiny of the Welsh Government Draft Budget 2024-25: Evidence session 3
Looking at the extra money that was made available to transport and the NHS back in October, what impact has that had on other departments? You mentioned some departments there, David. What impact has that had on the cost pressures in 2023-24 in the other—?…
, Finance Committee
Scrutiny of the Welsh Government Draft Budget 2024-25: Evidence session 3
And your thoughts on the different measures and the different ways that it has been depicted, I suppose, in discourse.
, Finance Committee
Scrutiny of the Welsh Government Draft Budget 2024-25: Evidence session 3
I think David might want to come in. And come in on this, and, maybe, your views on the whole situation.
, Finance Committee
Scrutiny of the Welsh Government Draft Budget 2024-25: Evidence session 3
I'll come to David in a second, but I think Rhianon just wants to come in shortly.
, Finance Committee
Scrutiny of the Welsh Government Draft Budget 2024-25: Evidence session 3
So, before I come over to David, what do you think the best metric is? Obviously, you've gone off one, and the Government go off another, and it's—. What gives the best indication, in your view, of where we're at?
, Finance Committee
Scrutiny of the Welsh Government Draft Budget 2024-25: Evidence session 3
Just in the room, could we just turn David up a little bit volume-wise? It's a little bit quiet, but we'll see if that helps. Okey-dokes. We'll start by looking at the economic context surrounding the Welsh Government's draft budget for 2024-25. What has been…
, Finance Committee
Scrutiny of the Welsh Government Draft Budget 2024-25: Evidence session 3
David.
, Finance Committee
Scrutiny of the Welsh Government Draft Budget 2024-25: Evidence session 3
Thank you. Guto.
, Finance Committee
Scrutiny of the Welsh Government Draft Budget 2024-25: Evidence session 3
So, this is the second session. We've had a change of witnesses, and it's lovely to see the three of you. Happy new year to the three of you. If I could ask you just to introduce yourselves for the record. If we start in the room with Ed.
, Finance Committee
Scrutiny of the Welsh Government Draft Budget 2024-25: Evidence session 3
Welcome back to the second scrutiny session on the Welsh Government draft budget.
, Finance Committee
Scrutiny of the Welsh Government Draft Budget 2024-25: Evidence session 2
Just interesting to find out. We've run up against the clock, I'm afraid, but thank you so much for your time this morning. Thank you for very insightful answers to our questions and, obviously, we'll look forward to getting some of that information through…
, Finance Committee
Scrutiny of the Welsh Government Draft Budget 2024-25: Evidence session 2
And that's something that would be—I hesitate to say it, but—relatively easy to do if you had the data sources, to be able to produce some more sort of macro-Welsh level rather than macro-UK level modelling.
, Finance Committee
Scrutiny of the Welsh Government Draft Budget 2024-25: Evidence session 2
That would be excellent. And can you just comment on how well you think your data is now disaggregated for Wales as well as England? So, quite often, it's Wales and England, but obviously we're interested in the modelling for Wales in particular. Are you…
, Finance Committee
Scrutiny of the Welsh Government Draft Budget 2024-25: Evidence session 2
Thank you very much. And finally from me, in your working paper, you set out several areas for future forecast development work for the OBR relating to rates and other things. Have you established potential timescales for that? Do you have a plan of action…
, Finance Committee
Scrutiny of the Welsh Government Draft Budget 2024-25: Evidence session 2
Ask your question.
, Finance Committee
Scrutiny of the Welsh Government Draft Budget 2024-25: Evidence session 2
Thank you.
, Finance Committee
Scrutiny of the Welsh Government Draft Budget 2024-25: Evidence session 2
On that point, is it a lack of information that is being held by the WRA or is it more that it's not being fed through to you? Where is that element? Is it that it's not captured, or is it just not fed into your models? How does that work?
, Finance Committee
Scrutiny of the Welsh Government Draft Budget 2024-25: Evidence session 2
Thank you very much, Mike. Peter.
, Finance Committee
Scrutiny of the Welsh Government Draft Budget 2024-25: Evidence session 2
Who wants—? David? There we are.
, Finance Committee
Scrutiny of the Welsh Government Draft Budget 2024-25: Evidence session 2
Thank you for that. I'm going to move on because of time. I'm going to ask Mike to ask a couple of questions, and then—. Yes, we're up against time a little bit.
, Finance Committee
Scrutiny of the Welsh Government Draft Budget 2024-25: Evidence session 2
So, you're using it as a base value, and then looking at relative data points and then changing that over time.
