Agenda and draft minutes

Finance Committee (Hybrid) - Thursday, 5 March 2026 09.30

Venue: Committee Room 3 - Senedd. View directions

Contact: Owain Roberts

Media

Senedd.TV: View the webcast

Transcript: Transcript for 05/03/2026 - Finance Committee

Items
Expected timing	No.	Item
(09.00 - 09.15)		Registration
(09.15 - 09.30)		Private pre-meeting
(09.30)	1.	Introduction, apologies, substitutions and declarations of interest View the background to item 1. Minutes: 1.1 The Chair welcomed Members to the meeting of the Finance Committee.
(09.30)	2.	Paper(s) to note View the background to item 2. Minutes: 2.1 The papers were noted.
	2.1	PTN 1 - Letter from the Cabinet Secretary for Finance and Welsh Language: Finance: Interministerial Standing Committee (F:ISC) - 19 February 2026 View the background to item 2.1 Supporting documents: FIN(6)-05-26 PTN 1 - Letter from the Cabinet Secretary for Finance and Welsh Language: Finance: Interministerial Standing Committee (F:ISC) - 19 February 2026 , item 2.1 PDF 218 KB
	2.2	PTN 2 - Letter from the Cabinet Secretary for Finance and Welsh Language to Legislation, Justice and Constitution Committee: Development of Tourism and Regulation of Visitor Accommodation (Wales) Bill - 24 February 2026 View the background to item 2.2 Supporting documents: FIN(6)-05-26 PTN 2 - Letter from the Cabinet Secretary for Finance and Welsh Language to the Legislation, Justice and Constitution Committee: Development of Tourism and Regulation of Visitor Accommodation (Wales) Bill - 24 February 2026 , item 2.2 PDF 243 KB
	2.3	PTN 3 - Letter from the Cabinet Secretary for Finance and Welsh Language: Recommendation 11 of the Finance Committee's Draft Budget report 2026-27 - 24 February 2026 View the background to item 2.3 Supporting documents: FIN(6)-05-26 PTN 3 - Letter from the Cabinet Secretary for Finance and Welsh Language: Recommendation 11 of the Finance Committee's Draft Budget report 2026-27 - 24 February 2026 , item 2.3 PDF 208 KB
	2.4	PTN 4 - Cabinet Secretary for Housing and Local Government: Building Safety (Wales) Bill - Revised Explanatory Memorandum - 24 February 2026 View the background to item 2.4 Supporting documents: FIN(6)-05-26 PTN 4 - Cabinet Secretary for Housing and Local Government: Building Safety (Wales) Bill - Revised Explanatory Memorandum - 24 February 2026 , item 2.4 PDF 211 KB
	2.5	PTN 5 - Letter from the Cabinet Secretary for Finance and Welsh Language: Summary of the Roundtable event on Taxing Wealth - 25 February 2026 View the background to item 2.5 Supporting documents: FIN(6)-05-26 PTN 5 - Letter from the Cabinet Secretary for Finance and Welsh Language: Summary of the Roundtable event on Taxing Wealth - 25 February 2026 , item 2.5 PDF 213 KB
	2.6	PTN 6 - Letter from Audit Wales: Challenges and opportunities for Welsh public services - 26 February 2026 View the background to item 2.6 Supporting documents: FIN(6)-05-26 PTN 6 - Letter from Audit Wales: Challenges and opportunities for Welsh public services - 26 February 2026 , item 2.6 PDF 217 KB
(09.30 - 10.30)	3.	Second Supplementary Budget 2025-26: Evidence session View the background to item 3. Second Supplementary Budget 2025-26 Mark Drakeford MS, Cabinet Secretary for Finance and Welsh and Language Andrew Jeffreys, Director Treasury, Welsh Government Sharon Bounds, Deputy Director, Financial Controls, Welsh Government Supporting documents: Restricted enclosure 16 View the reasons why document 3./1 is restricted Minutes: 3.1 The Committee took evidence on the Second Supplementary Budget 2025-26 from Mark Drakeford MS, Cabinet Secretary for Finance and Welsh Language, Welsh Government; Andrew Jeffreys, Director Treasury, Welsh Government and Sharon Bounds, Deputy Director, Financial Controls, Welsh Government.
(10.30)	4.	Motion under Standing Order 17.42 (ix) to resolve to exclude the public from the remainder of this meeting, and the meeting on 12 March 2026 View the background to item 4. Minutes: 4.1 The motion was agreed.
(10.30 - 10.45)	5.	Second Supplementary Budget 2025-26: Consideration of evidence View the background to item 5. Minutes: 5.1 The Committee considered the evidence received.
(10.45 - 11.00)	6.	The Welsh Tax Acts etc. (Power to Modify) Act 2022 (Extension of Expiry Date) Regulations 2026 View the background to item 6. The Welsh Tax Acts etc. (Power to Modify) Act 2022 (Extension of Expiry Date) Regulations 2026 Explanatory Memorandum Supporting documents: Restricted enclosure 18 View the reasons why document 6./1 is restricted Minutes: 6.1 The Committee considered the Welsh Tax Acts etc. (Power to Modify) Act 2022 (Extension of Expiry Date) Regulations 2026 and agreed to report.

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