The Welsh government needs to move forward with its UK government discussions on borrowing powers, admitted the finance minister on 10 October 2012.
Jane Hutt AM stressed that they are still looking to obtain borrowing powers but the limits and conditions are inevitably a matter for the UK government.
The Holtham Commission has made a number of recommendations in term of borrowing including a limit of £2billion which Ms Hutt described as "good advice in terms of taking discussion forward".
Leader of the Conservatives Andrew RT Davies warned the minister of the responsibility which would be bestowed on the government in terms of repaying and servicing the proposed borrowing.
If the agreement is achieved, Plaid Cymru's Alun Ffred Jones AM called for certain level of borrowing which would offer the government flexibility in terms of where it borrows the money from.
Ms Hutt also answered questions on the procuerment policy, regional pay and universal credit.
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