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The Chartered Institute for Public Finance and Accountancy (CIPFA) has awarded the Welsh Government’s Minister for Finance and Government Business, Jane Hutt, honorary membership in recognition of her work in implementing financial reforms in Wales.
The Minister’s work has included the Welsh Government’s response to the Commission on Devolution for Wales (the Silk Commission) and the UK Government’s St David’s Day announcement in 2014, both of which secured greater fiscal and borrowing powers for Wales.
Ms Hutt has also successfully navigated and secured four Budgets through the Welsh Assembly - a significant achievement given that the Welsh Labour Government operated as a minority government throughout the entire period of the fourth Assembly.
CIPFA awards only a limited number of individuals an honorary membership in recognition of their outstanding contribution towards the public services.
Jane Hutt AM said:
“I am honoured to receive CIPFA membership, an organisation that has strong links with the Welsh Government.
“These are challenging times for public services across the UK and particularly in Wales. Effective budget planning and financial management are key to meeting the challenge. In the face of the UK Government’s austerity programme, we are having to make tough decisions on public spending.
“Our careful financial management has enabled us to manage reductions effectively, protecting our key public services from the full impact of the UK Government’s austerity programme. This has been the most constrained period for public finance since the creation of the Assembly.
“We are also implementing the devolution of further fiscal powers, which is hugely important. While we introduce the first ever Welsh tax laws and a Welsh Revenue Authority to manage those powers, I will continue to press the UK Government for a fairer funding settlement for Wales as part of our ongoing discussions around fiscal devolution.”
Rob Whiteman, Chief Executive of CIPFA, said:
“I’m delighted that we have awarded Jane honorary membership of CIPFA.
“Jane is an outstanding public servant who has driven forward a series of major reforms to secure more financial powers for Wales and strengthen the Welsh economy.
“Her stewardship of Wales’ public finances reflects many of the values and professionalism that CIPFA promotes and her honorary membership is richly deserved.”
Ms Hutt is also set to address the CIPFA Wales Annual Conference this November.