Welsh Government Annual Accounts
COVID-19 business grants of £781m were committed to in 2019-20, but only £42m of these were included in the financial statements. In the Auditor General's opinion, the financial statements are materially mis-stated.
The Group has purchased a rail network, the Core Valleys Line, with a value of £2.4 billion in the accounts
The Welsh Government issued loans of £0.7 billion to higher education students. The total value of loans and interest outstanding at 31 March 2020 was £5.3 billion, with around £3.5 billion estimated to be repaid in the future.
The Welsh Government should not exceed the annual spending limit agreed by the Senedd. Taking account of the material mis-statement of £739m, the Welsh Government would have exceeded its spending limit by £303m. This overspend is irregular
A Ministerial Direction in December 2019 instructed the Welsh Government to fund certain pension tax liabilities for NHS clinicians. No additional costs resulted in 2019-20, but the Auditor General has drawn attention to a contingent liability for future costs reported in the accounts.
The Auditor General issued a qualified opinion on his audit of the Welsh European Agricultural Funds. The Welsh Government awarded €4.8m of European funding to organisations without evidence of a competitive application process. The European Commission has asked for some of this money to be repaid by Welsh Government.
Funding and Spending
What they own£ billion
|Assests under construction||£0.4 billion|
|Road Network||£17 billion|
|Rail Network||£2 billion|
|Land and Buoldings||£3 billion|
|Vehicles, equipment and other assets||£2 billion|
What they owe£ billion
Staff Costs£ billion
|Number of Staff||Role||Cost|
|5,000||Welsh Government||£0.2 billion|
|84,000||Welsh NHS bodies||£3.3 billion|