The Government Expenditure and Revenue Wales (GERW) area of the Wales Governance Centre website provides information on the published GERW report and other associated documents. GERW is published by Cardiff University’s Wales Governance Centre.
The GERW 2016 report presents a comprehensive multi-year analysis of Wales’ public spending, public sector revenues and the nation’s overall fiscal balance, utilising similar methodologies used by the Scottish Government and Northern Ireland Executive for their annual surveys of expenditure and revenue in the UK’s other devolved territories.
Government Expenditure and Revenue Wales 2016, providing revenue and expenditure estimates for Wales for the five years leading to financial year 2014-15, was published on 4 April 2016. The full report, including an Executive Summary and summaries of key findings at the start of each chapter, can be downloaded from the following link:
GERW 2016 tables in Excel format can be downloaded at the following link:
GERW 2016 Online Methodology Annexes in pdf format can be downloaded at the following links:
Other Political Economy publications:
Estimating Wales’ Net Contribution to the European Union
The report, Wales and the EU Referendum: Estimating Wales’ Net Contribution to the European Union, was published in May 2016. The report is a part of the Centre’s ongoing research projects in public finance and the impact of the European referendum in Wales. The report finds that the amount of money Wales received from the EU budget in 2014 totalled £658m, while Wales’ contribution to the EU (after accounting for a share of the UK’s rebate) stood at £414m. This net benefit of £245m was equal to around 0.4% of GDP in 2014.
Income Tax Devolution and Wales
The report, Income Tax and Wales: The Risks and Rewards of New Model Devolution was published in February 2016. The report demonstrates that the method chosen to reduce the Welsh block grant to account for the additional Income Tax revenues has the potential to cause losses of hundreds of millions of pounds each year to the Welsh budget.