Magazine article Public Finance

Budget Targets Skills and Schools

Magazine article Public Finance

Budget Targets Skills and Schools

Article excerpt

The Welsh Government has finalised its budget for 2012/13, putting a particular emphasis on education and skills spending.

Extra funding is being targeted at disadvantaged pupils. The School Effectiveness Grant, which aims to improve education and wellbeing is being enhanced and a new Pupil Deprivation Grant has been created. This will be worth an extra £20m in 2012/13, and £20m in each of the two following years.

Finance Minister Jane Hutt said: 'This targeted support will help pupils from disadvantaged backgrounds reach their potential and maximise their contribution to society and the economy.'

The Welsh Government has also set out how it intends to spend the £38.9m 'consequential payment' arising from the UK government's decision to freeze council tax in England. The money will be used to boost the economy and skills over the next two years. …

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