Public Expenditure: Wales
Lords · Question HL1694 · Tabled 16 Oct 2024 · Treasury · Official record
Answered 29 Oct 2024
Question
Asked by Lord Wigley
To ask His Majesty's Government whether they plan to re-allocate to the Welsh Government the £400 million accumulated End Year Flexibility fund consolidated out of revenue underspend between 2007 and 2011.
Answer
Answered by Lord Livermore, 29 Oct 2024
The End Year Flexibility fund was replaced by the Budget Exchange mechanism in 2011. For the Welsh Government, this was then replaced by the Wales Reserve in 2016 to continue to allow Welsh Government to move funding between years. The Wales Reserve limit...