Category Archive: Announcements

OBR to produce independent forecasts of devolved Welsh tax revenues

In accordance with the Welsh Government’s fiscal framework, we will prepare and publish independent forecasts of devolved Welsh tax revenues for the 2019-20 Welsh Government Budget onwards. We have agreed a Memorandum of Understanding, Terms of Reference and a Financial Framework to guide this work. Yn unol â fframwaith cyllidol Llywodraeth Cymru bydd yr OBR yn…

European Fiscal Board reviews work of the OBR

The independent European Fiscal Board, created to examine the EU fiscal framework and aggregate policy stance, has reviewed the work of the OBR in its Annual Report. It argues that the OBR has retained “a high degree of public trust in its ability to provide objective assessments of the macroeconomic outlook and public finances”. Read…