Magazine article Public Finance

In Brief

Magazine article Public Finance

In Brief

Article excerpt

ECONOMY

A weak year ahead forecast for Wales

The outlook for the Welsh economy appeared gloomy after the Bevan Foundation said it was showing few signs of improvements, while some indicators, such as child poverty, were heading into reverse. The think-tank's forecast for 2018 said Wales faced problems from a flatlining economy, rising poverty rates and Brexit. Director Victoria Winckler said: "The Welsh Government, local authorities and many businesses and charities are making very real efforts to address the challenges facing Wales, but the progress that many would like to see is minimal."

BUDGETING

Schools benefit from NI finance move

Northern Ireland's Department of Finance has made final reallocations to public services this year amounting to £23.3m of revenue and £10.1m capital financing. Reduced need in some departments allowed the money to be used elsewhere. The Department of Education will receive an additional £14m and the Department for Infrastructure £9. …

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