#supplementarybudget — Public Fediverse posts

https://www.europesays.com/africa/422529/ Govt plans new ways to mobilise resources for 2027/28 budget #2027/28Budget #MinistryOfFinance #PlanningAndEconomicDevelopment #SupplementaryBudget #Uganda

South Korea’s Budget Chief: Chip Boom to Continue, Extra Tax Revenue to Fund Youth-Centric Policies — BigGo Finance

South Korea’s Minister of Economy and Finance, Park Hong-keun, stated on the 18th that the semiconductor boom is…
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https://www.europesays.com/korea/90418/

BUDGET DEFEAT: Plaid government’s £294m spending plan voted down 49–44 — as schools funding row claims its first casualty

Wales’s new Plaid Cymru government has been defeated on its first budget, with the Senedd voting down its spending plans by 49 votes to 44 this evening.

Welsh Labour, Reform UK and the Conservatives combined against the supplementary budget — which the government says contained £294m of extra funding to cut NHS waiting times, expand childcare and extend free school meals.

The defeat caps a day of extraordinary pressure on the government, with Welsh Labour demanding the budget be withdrawn and the two school leaders’ unions declaring a formal trade dispute over pay and funding for children with additional learning needs.

At the heart of it is the row over that funding, known as ALN — and a pot of £247m in day-to-day spending that the budget left unallocated.

Labour wanted £100m of that unallocated money spent on ALN between now and next April. On Monday night, First Minister Rhun ap Iorwerth wrote to the party with what he described as a final proposal: an extra £40m this year and in each of the next two.

Labour rejected it, and its finance spokesman Huw Thomas told the Senedd the government should have pulled the budget and negotiated with the unions.

In a bad-tempered debate, Thomas warned that any suggestion ALN money would be withheld until a later date was “pernicious,” “vindictive” — and would “lead to widespread industrial action.”

Cabinet Minister for Finance Elin Jones defended the plan, saying it “delivered £294m of extra funding to reduce NHS waiting times, expand childcare, and extend free school meals.”

“It contained no reductions to existing services,” she said. “It was about putting additional funding to work where it could make the greatest difference to the people of Wales.”

But she did not hide her anger at Labour, telling BBC Wales she was “flabbergasted” by the party’s “change of heart” — and accusing it of behaving as a “destructive opposition” with “a lot to learn in making deals.”

Welsh Labour’s interim leader Ken Skates called the result “deeply regrettable” — but insisted the funding offered for additional learning needs “simply wasn’t enough.”

“This isn’t the outcome we wanted,” he said, adding there was “still time to negotiate and bring back new proposals” — and that Labour welcomed much of the budget’s funding, “particularly for reducing NHS waiting lists,” and wanted to see it delivered.

Reform UK voted against throughout, saying none of its demands had been met — including a guaranteed job for newly qualified nurses and paramedics, ALN funding going directly to councils, and an end to overseas spending.

The party’s Senedd leader Dan Thomas said: “Rhun ap Iorwerth’s government has now lost the confidence of this Senedd on his own budget. It’s time he listened to the people of Wales rather than lecturing them.”

Conservative group leader Darren Millar said it was “bonkers” for the government to bring the budget to a vote without a deal in place: “The arithmetic in this Senedd means that Welsh government budgets, and Welsh government legislation, cannot be agreed without cross-party agreement.”

His party’s shadow finance minister, Sam Rowlands, said the budget had “the wrong priorities, offering the same tired approach we saw under Labour despite Plaid’s promises of change.”

Wales’s trade unions urged both sides back to the table. Laura Doel, general secretary of TUC Cymru, said: “The chronic underfunding of additional learning needs provision must be addressed in any future supplementary budget. Wales’ teachers and students deserve nothing less.”

The defeat — in the final week before the Senedd’s summer recess — does not bring the government down, and day-to-day spending continues while a new supplementary budget is drawn up.

Jones signalled the government will try again within months: “We remain committed to delivering these priorities and we will continue to engage constructively with other Senedd parties as we develop our spending plans in the Autumn.”

But for a minority administration less than 100 days old — elected in May after ending 27 years of Labour dominance — losing the vote on its own budget is by far its biggest setback yet, and the dispute with the teaching unions, now heading for the conciliation service ACAS, rolls on regardless.

Related stories from Swansea Bay News

SWANSEA SCHOOLS: ‘Owed £11m’ for children with additional needs, says council leader
The build-up to tonight’s knife-edge vote.

TEACHERS’ PAY: Welsh Government to consult on 3.5% rise
The pay decision that triggered the unions’ trade dispute.

HEOL GOFFA ROW: Plaid accuses Labour of causing ‘unnecessary distress’
The parties’ earlier clash over ALN funding.

SWANSEA SCHOOLS: ‘Owed £11m’ for children with additional needs, says council leader — as Plaid’s budget faces knife-edge vote tonight

Swansea’s schools are owed at least £11m this year to support children with additional learning needs, the city’s council leader has claimed — money he says Wales’s new government is holding back.

Rob Stewart, the Labour leader of Swansea Council, made the claim as a national row over school funding came to a head in the Senedd — with a knife-edge budget vote expected at around 7pm tonight, after a debate beginning at 6pm.

Writing on social media, Stewart said the Plaid Cymru government had been given £330m as a result of extra special educational needs spending in England — but was offering just £40m to Welsh schools this year.

That, he said, was “£290m less than they should have”, and he called on the government to “pass on the money they have been given to the schools and pupils who need it.”

The £11m is Stewart’s own calculation of the city’s share rather than a confirmed allocation — and it lands as Labour politicians at every level train their fire on the government’s handling of the fund.

The dispute centres on what is known as additional learning needs, or ALN — the support schools give to children with a range of extra needs, where demand has been rising faster than budgets — and it has become the flashpoint in the biggest test yet for a government less than 100 days old.

Nationally, the row has escalated on two fronts at once: the teaching unions and the Labour opposition are both piling pressure on the government in the same week.

The two unions representing Wales’s school leaders — NAHT Cymru and ASCL Cymru — have jointly declared a formal trade dispute with the government over pay and ALN funding, and requested talks through the conciliation service ACAS.

Their dispute follows the government’s decision to consult on a 3.5% pay rise for teachers, rejecting the 4.25% figure recommended by the Independent Welsh Pay Review Body.

Paul Whiteman, general secretary of NAHT, said ignoring the independent pay body “undermines the whole process”, and that the decision would “feel like a slap in the face” for teachers whose pay had fallen in value since 2010.

Pepe Di’Iasio, general secretary of ASCL, said schools were “on their knees” trying to support children with additional needs without adequate funding, and that the unions had registered the dispute “reluctantly and as a last resort.”

The actual figure, as reported by ITV Cymru Wales, is £327m — close to Stewart’s number, though the unions have put the sum at more than £500m. The government is not required to spend the money on ALN, and both the current Plaid administration and the previous Labour government have argued Wales faces different needs in the sector.

Into that fight has stepped Welsh Labour‘s interim leader, Ken Skates, who has written to the First Minister urging him to withdraw the supplementary budget — the revised spending plan due to be voted on tonight — altogether.

In his letter, Skates called the unions’ trade dispute “both unprecedented and deeply regrettable”, and said Labour could not back a level of ALN funding “that falls short of the scale of the need.”

Skates told ITV Cymru Wales the government was “now negotiating on multiple fronts” and described “quite frankly, a chaotic process of negotiations” — saying there was “no other option” but to withdraw the budget.

Welsh Labour’s council leaders across Wales issued their own joint statement backing the demand, warning that without the money, councils faced “impossible choices between ALN and other vital services.”

Plaid has hit back hard, insisting the government has already moved — and accusing Labour of walking away from the table.

The government’s offer has moved twice during the talks — first £80m over two years, and now £120m over three, according to ITV Cymru Wales. Labour has rejected both, holding out for £100m in the current financial year.

Plaid Cymru MS Kiera Marshall branded Labour’s rejection of the earlier offer “deeply irresponsible”, saying “parents, pupils and teachers will rightly question Labour’s commitment to this issue.”

Marshall also pointed to what else rests on the budget: £145m towards cutting NHS waiting lists, £55m for the expansion of funded childcare, £15m to roll out free school meals in secondary schools, and £20m for social housing.

A Welsh Labour spokesperson countered that “there wasn’t a penny on the table for additional learning needs until Welsh Labour fought for it” — and that £40m this year “falls far short of what children and young people with additional learning needs require.”

A Plaid Cymru source hit back, saying that by voting the budget down Labour would be “teaming up with the Tories and Reform” — and had “learnt nothing from their humiliating election defeat in May.”

It is the second time in months the two parties have clashed over ALN funding, after Plaid accused Labour of causing “unnecessary distress” over Ysgol Heol Goffa in Llanelli.

For Swansea, the stakes are immediate: Labour’s council leaders say demand for ALN support is growing — and any shortfall in this year’s settlement lands directly on the city’s schools.

A petition organised by NAHT Cymru calling for the full £500m to be ring-fenced for ALN has now passed 11,000 signatures — enough to be considered for a Senedd debate.

Reform UK and the Welsh Conservatives have both confirmed they will vote against, meaning that if Labour follows through, the government’s defeat tonight is all but certain.

Defeat would not bring the government down — finance minister Elin Jones could simply table a new supplementary budget — but it would be a bruising early blow for a minority administration less than 100 days old.

Related stories from Swansea Bay News

TEACHERS’ PAY: Welsh Government to consult on 3.5% rise
Unions attacked the decision to reject the independent 4.25% recommendation.

LLANELLI: ‘£35m black hole’ row erupts over Ysgol Heol Goffa funding
The special school’s funding became a flashpoint between Labour and Plaid.

FREE SCHOOL MEALS: £15m to extend support to more Swansea Bay secondary pupils
The expansion is one of the measures riding on the supplementary budget.

Time to Build a ‘Fiscal Dam’ for Tax Revenue Swings

Ahn Do-geol, Democratic Party lawmaker National competitiveness is determined by the system that prepares for crises. Prosperous nations…
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Exclusive-Japan’s extra budget to include funding from fresh debt, source says

By Tamiyuki Kihara and Leika Kihara TOKYO, May 18 (Reuters) – Japan’s government is likely to issue fresh…
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https://www.europesays.com/2999411/ Exclusive-Japan’s extra budget to include funding from fresh debt, source says #BankOfJapan #business #Economy #FiscalPolicy #GasolinePrices #GovernmentSubsidies #InterestRates #japan #SanaeTakaichi #SATSUKIKATAYAMA #SumitomoMitsuiTrustAssetManagement #SupplementaryBudget

Japan is considering extra budget on rising fuel bills, sources say

By Takaya Yamaguchi, Tamiyuki Kihara and Leika Kihara TOKYO, May 14 (Reuters) – Japan’s government is looking at…
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IMF Praises Korea’s Response; Koo Hints at Extending Oil Price Cap

Deputy Prime Minister and Finance Minister Koo Yun-cheol speaks at a briefing with accompanying reporters in Samarkand, Uzbekistan,…
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Estonia may need supplementary budget for increased defense spending this year | News https://www.byteseu.com/946349/ #BudgetDeficit #DefenseSpending #Estonia #KristenMichal #MinistryOfDefense #MinistryOfFinance #StateBudget #SupplementaryBudget