Cabinet Minister for Finance
Welsh Government cabinet minister
From Wikipedia, the free encyclopedia
The Cabinet Minister for Finance (Welsh: Gweinidog Cabinet dros Gyllid) is a member of the cabinet in the Welsh Government, responsible for the management of the budget, tax and borrowing, oversight of financial accounting and audit, and oversight of any Private Finance Initiative, amongst others.[1] The current officeholder is Elin Jones since May 2026.
| Cabinet Minister for Finance | |
|---|---|
| Gweinidog Cabinet dros Gyllid (Welsh) | |
Flag of Wales | |
| Welsh Government Senedd | |
| Style | Welsh Minister |
| Status | Cabinet Minister |
| Member of | |
| Reports to | The First Minister |
| Appointer | The Crown |
| Formation | 1999 |
| First holder | Edwina Hart AM |
| Salary | £124,713 (MS pay + £44,896 Welsh Minister pay) |
| Website | www |
List of ministers
| Name | Portrait | Term of office | Party | Title | First Minister | |
|---|---|---|---|---|---|---|
| Edwina Hart |  |
1999 – 2003 | Welsh Labour | Secretary for Finance | Alun Michael | |
| Rhodri Morgan | ||||||
| Sue Essex | .jpg) |
2003 – 3 May 2007 | Welsh Labour | Minister for Finance and Local Government | ||
| Jane Hutt | .jpg) |
25 May 2007 – 19 July 2007 | Welsh Labour | Minister for Budget and Business Management | ||
| Andrew Davies | .jpg) |
19 July 2007 – 9 December 2009 | Welsh Labour | Minister for Finance and Public Service Delivery | ||
| Jane Hutt |  |
9 December 2009 – May 2016 | Welsh Labour | Minister for Business and Budget (2009–11)
Minister for Finance (2011–16) |
Carwyn Jones | |
| Mark Drakeford | .png) |
19 May 2016 – 13 December 2018 | Welsh Labour | Cabinet Secretary for Finance | ||
| Rebecca Evans | .jpg) |
13 December 2018 – 11 September 2024 | Welsh Labour | Minister for Finance Cabinet Secretary for Finance |
Mark Drakeford | |
| Cabinet Secretary for Finance[2] | Vaughan Gething | |||||
| Mark Drakeford | _(cropped).jpg) |
11 September 2024[3] – 12 May 2026 | Welsh Labour | Cabinet Secretary for Finance and Welsh Language | Eluned Morgan | |
| Elin Jones | .jpg) |
13 May 2026 – Present | Plaid Cymru | Cabinet Minister for Finance | Rhun ap Iorwerth (government) | |
Responsibilities
These are the current responsibilities of the Finance post:[1]
- The Welsh Treasury
- The Welsh Revenue Authority
- Provision of strategic direction and management of the resources of the Welsh Government
- Taxation policy including Council Tax Reform, non-domestic rates, council tax reduction and the Sponsorship of the Valuation Office Agency services and the Valuation Tribunal for Wales
- Local Government finance policy including financial reform
- Visitor Levy
- Budget monitoring and management
- Strategic Investment
- Invest to Save
- Financial Accounting and audit
- In-year budget monitoring and management
- Operation and development of the devolved funding settlement and the Statement of Funding policy
- Relationship with HM Treasury and HM Revenue and Customs on all spending and tax matters
- Public Sector pay policy
- The strategic approach to the acquisition, maintenance and disposal of property and other assets
- Commercial and procurement matters for the Welsh public service
- Grants policy
- Co-ordination of work on the Common Frameworks
- Oversight of audit, inspection and regulation as they relate to public services
