Finance Minister reveals budget which aims to protect public services and livelihoods
|Finance Minister Rebecca Evans has unveiled a Final Budget with plans to protect public services and the Welsh economy, providing timely support to protect lives and livelihoods in the months ahead.|
|Building on the £320m reconstruction package announced last October, this Budget delivers a further injection of £224.5m capital funding to support our reconstruction efforts and stimulate demand and jobs.
This investment includes an additional £147m to ramp up housing programmes and an extra £30m to accelerate the ambitious 21st Century Schools and Colleges Programme, helping to support economic growth, sustainable jobs and training opportunities across the sector.
The new package also boosts the significant investment dedicated to flood and coastal defence in this Senedd term. An extra £8m will be invested to help local authorities and Natural Resources Wales repair the damage caused by flood events in December and January and protect communities at risk of flooding.
In recognition of the benefits active travel delivers to employment, education, key services, and bringing our communities together, we’re allocating an additional £20m to further extend infrastructure and enable the delivery of new schemes. This takes our total planned 2021-22 investment for active travel to around £75m.
As set out by the First Minister yesterday the Final Budget also confirms more than £630m to support our NHS and local government over the next six months as they continue to respond to the pandemic.
The Final Budget also sets aside £200m in reserves for additional business support next year to respond to the evolving challenges of the pandemic.
Finance Minister Rebecca Evans said:
The Welsh Government’s final Budget 2021-22 will be published here along with associated documents.