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. The current officeholder is Elin Jones since May 2026.
Responsibilities
These are the current responsibilities of the Finance post:
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