NNDM8497 - Government Debate
Tabled on 26/02/2024To propose that the Senedd:
1. Recognises that the Welsh Government's fiscal levers are limited.
2. Believes that the budgetary flexibilities available to the Welsh Government are insufficient.
3. Notes the need for greater predictability and certainty of the Welsh Government’s funding arrangements to support its budget planning and that of partner organisations.
4. Acknowledges that the Welsh Government Reserve and borrowing limits are the same as when they were set in 2016.
5. Calls upon the UK Government to provide greater fiscal flexibilities for the Welsh Government, in the interests of effective budget management, including immediately:
a) addressing the impact of inflation on borrowing and reserve limits since 2016;
b) subjecting borrowing and overall reserve limits to annual review; and
c) abolishing reserve draw-down limits.
Tabled By
Co-Submitters
Amendments
Add as new point after point 4 and renumber accordingly:
Regrets that Westminster's lack of fair funding and fiscal flexibility has led to billions of money owed from HS2 funding and the inability to invest in local energy production using Crown Estate funds.
Tabled By
Add as new sub-point at the end of point 5:
replacing the Barnett Formula in order to remedy the inequity across Wales's current fiscal and funding settlement with a new system that moves away from ad-hoc funding of our public services and towards a framework that provides consistent, transparent and fair funding for Wales;
Tabled By
Add as new sub-point at the end of point 5:
increasing capital borrowing limits;
Tabled By
Add as new point at end of motion:
Calls upon the Welsh Government and the Senedd to jointly explore new ways of analysing the flexibility and fiscal frameworks of the Welsh Government, and their impacts on Wales, for example by establishing a Parliamentary Budget Office.
Tabled By
Add as new point at end of motion:
Calls upon the Welsh Government to formally request powers to set specific income tax bands for Wales.