Agenda item

Decision:

That the report be noted, and a Budget Strategy Panel be established, with the terms of reference and membership set out at Appendix 1 to the circulated report.

Reason for Decision:

To ensure that each political group has a formal opportunity to shape budget proposals at a formative stage, additional to the mechanisms that currently exist. This will provide an opportunity for wider political engagement at a time when the scale of the budget challenge and the level of risk and uncertainty is significant. This will mitigate the condensed timetable that is likely to be necessary if the UK and Welsh governments provide very late notifications of budget available, as is currently indicated.

Implementation of Decision:

The decision will be implemented after the three day call in period.