When and how does the Welsh Government set its budget?

Published 30/11/2020   |   Last Updated 14/12/2020   |   Reading Time minutes

The Welsh Government sets its budget annually in a multi-stage process. Budget setting involves three elements:

  • Draft budget proposals: sets out the Welsh Government's spending plans and allows for scrutiny and amendment by the Senedd.
  • Final budget and Annual budget motion: seeks the Senedd's formal authorisation for the use of resources during the financial year.
  • Supplementary budget motion: seeks authorisation for in-year changes to the annual budget motion.

The Welsh Government usually presents its draft budget in autumn each year. Committees and other interested parties scrutinise the draft budget.  The Welsh Government then present a final budget, the annual budget motion is voted on by the whole Senedd. 

There are occasions when a late UK Spending Review or Budgetary announcement means the Welsh Budget has to take place later in the year.

Draft Budget Timetable 2021-22

June 2020 - Finance Committee

Pre Draft Budget priorities online consultation

September to November 2020 - Open call for evidence

Finance Committee consultation to inform later scrutiny of draft budget in Senedd committees

25 November 2020 - UK Spending Review

21 December 2020

Outline Draft Budget published

Outline proposals set out the high-level strategic spending, taxation and financing plans of the Welsh Government and supporting narrative. Scrutinised by the Finance Committee.

21 December 2020

Detailed Draft Budget published

Budget proposals for each portfolio at the Budget Expenditure Line level with supporting narrative. Scrutinised by policy committees.

04 February 2021 - All committees reporting deadline

09 February 2021 - Draft Budget debate in Plenary

02 March 2021 - Final Budget published

09 March 2021 - Final Budget debate

March 2021 - UK Budget published