The people of Wales lost out on £155.5 million of public funding due to “poor account management” by First Minister Mark Drakeford’s Government, a Senedd committee has claimed.
A report published on Monday by the Senedd’s Public Accounts and Public Administration Committee (Papac) claims “significant funding was lost to Wales” as a result of the Welsh Government’s £155.5 million underspend in 2020-21.
This figure is the result of the difference between the balance of the Wales Reserve on April 1 2021, £505.5 million, and the Wales Reserve’s limit of £350 million.
