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Welsh Government to publish draft budget

By Mark Mansfield
Finance Secretary Mark Drakeford

The Welsh Government will publish its draft budget for the next financial year.

On Tuesday, the Government will outline its spending plans for 2026/27 before publishing more detail in November.

Welsh First Minister Eluned Morgan has already warned of cuts to frontline services if the devolved Labour administration does not succeed in passing a budget.

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Help

When passing its last budget in March, the Welsh Government needed the help of an opposition member to get it through by a tight margin.

While Labour is the largest party in the Senedd, it does not have a majority.

An upcoming by-election in the Caerphilly constituency could make the next budget vote even more difficult if the party loses the seat.

The draft budget for 2026/27 will set out spending plans worth more than £27 billion for public services.

The Senedd will vote on the final budget in January.

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