Agenda and minutes

1.1 The Chair welcomed Members and members of the public to the meeting.

1.2 Apologies had been received from Ann Jones, for whom Jenny Rathbone was substituting.

FIN(4) 11-12 – Paper 1 – Supplementary Budget 2012-2013 – Explanatory note

FIN(4) 11-12 – Paper 2 – Supplementary Budget 2012-2013 - Motion

Jane Hutt, Minister for Finance
Jeff Andrews, Specialist policy Adviser
Margaret Davies, Head of Budget Policy
Matthew Denham-Jones, Head of Budgetary Control and Reporting

2.1 The Chair welcomed Jane Hutt AM, Minister for Finance; Jeff Andrews, Specialist Policy Adviser; Margaret Davies, Head of Budget Policy; and Matthew Denham Jones, Head of Budgetary Control and Reporting.

2.2 Members scrutinised the Minister.

Action points:

The Welsh Government agreed to:

• Publish details of projects receiving funding from round 6 of Invest-to-Save, including how much each project received, the projected savings, details of the pay-back profile, and details of the forthcoming evaluation of Invest-to-Save;
• Provide clarification on the £1million investment in the Single Environmental Body, which was raised by the Environment and Sustainability Committee at its meeting on 27 June 2012;
• Confirm when the Committee will receive a year-end report detailing variations between actual spend and the last supplementary budget of the year.

FIN(4) 11-12 – Paper 3 – Consultation on new Scottish borrowing powers

FIN(4) 11-12 – Paper 4 – Correspondence from Scottish CIPFA Directors of Finance – Devolved Funding: Borrowing Powers and Innovative Approaches to Capital Funding

FIN(4) 11-12 – Paper 5 – Correspondence from The Minister for Health and Social Services – Supplementary Budget 2011-2012 (Spring 2012)

Minutes of meeting on 20 June 2012.

3.1 The Committee noted the correspondence from HM Treasury on the consultation on new Scottish borrowing powers. The Committee agreed to respond to the consultation, outlining the findings of the inquiry into Prudential Borrowing and Innovative Approaches to Capital Funding.

3.2 The Committee noted the correspondence on its inquiry into Devolved Funding: Borrowing Powers and Innovative Approaches to Capital Funding. 

3.3 The Committee noted the correspondence from the Minister for Health and Social Services regarding the Supplementary Budget 2011-2012 (Spring 2012), which would inform its scrutiny of the Supplementary Budget 2012-2013.

3.4 The Committee ratified the minutes of the previous meeting.

Items 5 and 6.

Items 5 and 6.

5.1 The Committee discussed the evidence on Welsh Government Supplementary Budget 2012-2013 (Summer 2012)

6.1 The Committee agreed to appoint a technical advisor to assist with its scrutiny of the Welsh Government budget 2013-2014.

View the meeting transcript.