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| Version 2 | Version 3 |
|---|---|
| Budget 2013: Welsh government gets additional £104m | Budget 2013: Welsh government gets additional £104m |
| (35 minutes later) | |
| The Welsh government will get an additional £104m to spend over the next two years as a result of the chancellor's Budget. | The Welsh government will get an additional £104m to spend over the next two years as a result of the chancellor's Budget. |
| Capital spending - which pays for long-term infrastructure and building projects - is being boosted by £161m in Wales. | |
| However, that will be offset by cuts in day-to-day revenue funding. | However, that will be offset by cuts in day-to-day revenue funding. |
| The Welsh government had called on George Osborne to deliver an economic stimulus by boosting capital spending. | The Welsh government had called on George Osborne to deliver an economic stimulus by boosting capital spending. |
| Wales is feeling the impact of a squeeze on revenue in Whitehall. | |
| The Welsh government - which has an annual budget of around £15bn - will loose £57m over the next two financial years. | |
| However, Wales Office minister Stephen Crabb said that despite a 1% cut to other UK government departments, Wales would only see a 0.2% cut. | |
| First Minister Carwyn Jones had called on the chancellor to borrow more to fund capital spending - a call the Conservatives described as "casino economics". | |
| The Welsh government says that by 2014-15 its capital budget will be 40% lower after allowing for inflation than it was in 2010-11. | |
| However, Mr Crabb said there would be "no lack of money for infrastructure in Wales". | |
| Delivering his fourth Budget to Parliament, Mr Osborne cut his official growth forecast in half, but insisted the UK would avoid a "triple dip" recession. | |
| He said his Budget was for "those who want to work and get on". |