Magazine article Public Finance

WAG Announces Priority Spending Areas

Magazine article Public Finance

WAG Announces Priority Spending Areas

Article excerpt

The Welsh Assembly Government has announced it will protect health and youth employment budgets from cuts while spending across the public sector is restrained.

The WAG's Draft budget 2010/11, published on October 5, said that Wales had to deal with less funding dian expected from Westminster. There was also a shortfall in capital funds after projects were brought forward as an economic stimulus measure.

Finance Minister Andrew Davies said the budget involved 'making tough decisions'.

'Our approach to living within tighter budgets is framed around efficiencies that means focusing on reducing costs and obtaining greater value from our investment rather than reducing services,' he said.

Areas that will receive significant additional funding are programmes to tackle youth unemployment, boosted by £20m; health services, which will receive £50m to support structural changes and demand increases; and local government, which will be given £34m for organisational reform.

Any additional money is a result of 'reprioritisations' of funding and projected savings. In health - the largest area of spending- further initiatives will save £91.6m.

Only the environment and housing, local government, and health and social services departments will receive realterms increases. …

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