Welsh Government Proposes £26 Billion Budget for 2025-26

The Welsh Government has announced a £1.5 billion increase in funding for public services as part of its £26 billion budget for 2025-26, primarily aimed at addressing record-high waiting times in the NHS. This budget includes over £600 million specifically for health and social care, with significant investments also directed towards education, housing, and public transport. Finance Secretary Mark Drakeford emphasized this budget as a chance to 'rebuild and reinvigorate' public services after years of financial constraints, although opposition party Plaid Cymru labeled it as 'underwhelming' and 'unambitious'. The funding will support various initiatives, including £437 million for day-to-day NHS spending and additional funds for transport upgrades. Despite the funding increase, experts warn of a challenging financial outlook beyond 2026, with potential implications for future public service budgets. Overall, the Welsh Government aims to create a brighter future with this substantial investment, although the impact of rising national insurance payments remains uncertain.