The Welsh government is set to reveal its £25 billion budget, impacting health services, social care, and the economy through 2026. Finance Secretary Mark Drakeford will announce details, including an additional £1 billion in funding from Chancellor Rachel Reeves. Major challenges include addressing NHS waiting times, supporting local authorities, and managing the cost of living. Eluned Morgan, the First Minister, has called the NHS situation a ‘crisis’, indicating urgent reforms are necessary. Labour will need to negotiate with other parties for budget approval amid ongoing fiscal pressures.