Finance Committee

 

Meeting Venue:

Committee Room 3 - Senedd

 

 

 

Meeting date:

Wednesday, 29 June 2011

 

 

 

Meeting time:

09:30 - 10:10

 

 

 

This meeting can be viewed on Senedd TV at:
http://www.senedd.tv/archiveplayer.jsf

 

 

Concise Minutes:

 

 

 

Assembly Members:

 

Jocelyn Davies (Chair)

Peter Black

Christine Chapman

Mike Hedges

Ann Jones

Julie Morgan

Nick Ramsay

Ieuan Wyn Jones

 

 

 

 

 

Witnesses:

 

Jane Hutt

Jeff Andrews, Welsh Government

Andrew Jeffreys, Welsh Government

 

 

 

 

 

Committee Staff:

 

Tom Jackson (Clerk)

Daniel Collier (Deputy Clerk)

Joanest Jackson (Legal Advisor)

 

 

 

<AI1>

1.  Introduction and apologies

 

1.1 The Chair welcomed Committee Members and members of the public to the first meeting of the Finance Committee in the fourth Assembly.

 

 

 

</AI1>

<AI2>

2.  Supplementary Budget 2011 -12 -Minister for Finance

 

Scrutiny of Welsh Government

2.1 The Committee welcomed Jane Hutt AM, Minister for Finance; Andrew Jeffreys, Head of Strategic Budgeting -Strategic Planning, Finance & Performance - SPF&P; and Jeff Andrews, Specialist Policy Adviser, SPF&P.

2.2 The Committee scrutinised the Minister.

 

2.3 The Minister agreed to provide:

 

·         Further details on revisions in the accounting treatment, which resulted in a reduction of £92.4 million in relation to the provision of student loans.

·         Further details on the transfer of £18.6 million from DEFRA to the Welsh Government in relation to animal health and welfare.

·         A breakdown of the consequentials of the UK budget 2011, detailing the policy decisions from which they resulted, and including the indicative figures of the revenue and capital consequentials for the remaining years of the spending review.

·         A breakdown, by region, of the costs of the 2011 election and comparison with the regional costs of previous Assembly elections, including the costs incurred by the referendum in 2011.

·         Details of the real term reductions in revenue and capital in the supplementary budget’s indicative figures for the next two years.

·         Further details on the timescales of the allocation of the Centrally Retain Capital (CRC) Fund.

 

 

</AI2>

<AI3>

3.  Supplementary Budget 2011-2012 - Consideration of evidence

 

3.1 The Committee discussed the key issues arising from their scrutiny of the Supplementary Budget 2011-12.

 

</AI3>

<AI4>

Transcript

To view the meeting transcript, click here

</AI4>

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