The finance minister confirmed that the Welsh government was a "step closer" to reaching an agreement on a new funding formula for Wales, that would replace the current Barnett formula.
Leader of the House and Finance Minister Jane Hutt was answering members' questions on 13 June 2012.
Responding to questions from several opposition party members on the Barnett formula, the minister said that the government was making progress with regards to the "funding flaw" that currently exists.
The Barnett Formula determines what share of UK government spending goes to Scotland, Wales and Northern Ireland.
However the Holtham Comission, set up in 2008 has recommended the Barnett formula be replaced by a formula based on need, rather than population.
Finance Conservative Spokesperson Paul Davies urged the minister for an update on the funding flaw and asked her if the Welsh government would also seek to devolve taxation powers.
Ms Hutt announced that she was due to meet with the chief secretary to the Treasury "early July" to discuss this matter.
In conclusion Ms Hutt said that officials were currently "reaching a point where we will secure an adequate agreement where we will halt convergence".
The minister also answered questions on promoting equality, the UK Treasury and attitudes towards immigration in Wales.
Read this in Welsh.
~RS~q~RS~~RS~z~RS~48~RS~)
Bookmark with:
What are these?
E-mail this to a friend