With exactly half the seats in the Assembly, Labour needs at least one of the other parties to support its budget or abstain.
Welsh families, businesses and politicians have been counting the cost of today's Budget, as they look to balance their own books.
Welsh MPs will debate the Budget and the Queen's Speech in the Welsh Grand Committee today.
The Welsh Government Finance Minister is unveiling more than £600m capital investment funding, which Jane Hutt said was "a clear demonstration or our determination to stand up for Wales."
She also called on the UK Government to devolve stamp duty to Wales, and announced £32m to complete the Noah's Ark Children's Hospital for Wales in Cardiff.
JH: "We want to do more to support housing & first time buyers. I repeat my call to the UK Govt to devolve Stamp Duty" #welshbudget14
JH: "We will invest £32m in new health facilities, inc funding to complete the Noah's Arc Children's Hospital for Wales" #welshbudget14
JH: "This significant package of investment is a clear demonstration of our determination to stand up for Wales" #welshbudget14
The Welsh Government has announced more than £600m of funding for infrastructure, which it says will create 11,000 jobs.
Finance Minister Jane Hutt says that among the schemes given investment will be a much-talked about metro scheme for South East Wales.
JH: We will invest £170m in housing - inc £140m for Help to Buy Cymru which will help buyers purchase a new home #welshbudget14
The Welsh Government will announce this morning which major projects it will fund in the coming year.
The Finance Minister Jane Hutt is due to lay out "a substantial package of capital investment", as part of spending proposals for 2014-15.
The Draft Budget was unveiled yesterday, with an extra £156m for the health service.
Local authorities and education will see their funding cut.
The Welsh Government has unveiled its draft budget for next year with more money for housing, transport and health. Our political reports Owain Phillips reports on what this will mean to communities across Wales.
To tackle youth unemployment, we will extend Jobs Growth Wales to create 4,000 extra job opportunities for young people #welshbudget14
This will take the total number of job opportunities created from 12,000 to 16,000 #welshbudget14
We will invest a further £20m in 14/15 to support apprenticeships in Wales #welshbudget14
At first glance it seems every other Welsh Government department will see its budget cut in order to pay for the increase in spending on the NHS. It adds up to £100m cut for 2014/15. Local government takes the biggest hit, losing £98m from its allocation for 2014/15. The other departmental cuts are:
- Economy, Science Transport - £26.9m
- Education and Skills - £77.5m
- Natural Resources and Food - £22.2m
- Housing and Regeneration - £6.6m
- Culture and Sport - £4.3m
- Central administration - £4.1m
We will create a new & innovative £50m Intermediate Care Fund to drive integration of health, social services and housing #welshbudget14
This new fund will help people stay in their own homes and relieve pressures on other services #welshbudget14
Our top priority is boosting economic growth and creating jobs #welshbudget14
JH: “This budget is grounded in the principles of fairness and social justice” #welshbudget14
JH: “At the heart of today’s plans is our commitment to the NHS.” #welshbudget14
We will increase the Health budget – with an additional £570m of revenue being invested over next 3 years #welshbudget14
Welsh Liberal Democrat leader Kirsty Williams says the budget deal reached between her party, Plaid Cymru and the Welsh Government shows a responsible approach to the political stalemate which could have led to chaos.
The Welsh Conservatives remain unimpressed by the budget deal between Labour, Plaid Cymru and the LIberal Democrats. This morning, Opposition leader Andrew RT Davies said it was 'up to them (the other two opposition parties) how they want to prop up this tired, clapped-out Labour government.'
And now that the deal's been announced, a source describes it to me as 'a bargain bucket deal with a Poundland government.'