With exactly half the seats in the Assembly, Labour needs at least one of the other parties to support its budget or abstain.
First Minister Carwyn Jones answers all sorts of questions at the podium
Sources close to the First Minister say his speech to Welsh Labour's conference in Llandudno will be highly personal.
The First Minister says David Cameron now knows how strongly the Welsh business community backs the transfer of tax and borrowing powers. Carwyn Jones also said that the Prime Minister reaffirmed the UK Government's agreement to fund fully rail electrification to Swansea and the Valley Lines.
Before the meeting of the Joint Ministerial Committee, Carwyn Jones said he was looking for an explanation for the delay in a decision on tax and borrowing powers as recommended in the Silk Commission. Our Political Editor Adrian Masters asked him if he got his answer.
A Plaid Cymru MP says the First Minister is guilty of 'bluster' on constitutional change but not following it up with action. Carwyn Jones has repeatedly said there needs to be a constitutional convention - a formal way of looking at what powers Wales and other parts of the UK need.
But Hywel Williams asked the UK Government department responsible, the Deputy Prime Minister's office, what approaches the First Minister has made. This was the answer from Minister Greg Clark:
The Deputy Prime Minister has not received any recent representations on the topic of a constitutional convention from the Welsh Government.
On the day that Carwyn Jones intends to push the Prime Minister over the delayed decision on tax and borrowing powers for Wales, Mr Williams says that it raises questions about the First Minister's own commitment.
– Hywel Williams MP, Plaid Cymru
For all the First Minister's bluster, it seems that he's making no real progress on this.
It's becoming increasingly difficult to take him seriously when he claims to be committed to securing a better settlement for Wales. The only thing he has achieved is undermining people's confidence in his abilities.
In January last year, the First Minister called for this Convention to be set up to keep the UK together. After nearly two years of stagnation, we can now only presume that he is in favour of Scottish independence.
The First Minister, Carwyn Jones, is expected to tackle David Cameron over a delayed decision on transferring control of some taxes and borrowing powers to the Welsh Government. They'll meet in Downing Street where the Prime Minister will host a session of the Joint Ministerial Committee.
The JMC is a chance for the First Ministers and Deputy First Ministers from Wales, Scotland and Northern Ireland to air any grievances with the UK Government. It's usually chaired by the Deputy Prime Minister but once a year the Prime Minister takes charge.
The Welsh Government has revealed some of the big-spending capital projects they will focus on in the next 3 years.
One of the key areas was improving transport, with plans to improve the Brynglas tunnels and A55, and £62 million to create a South East Wales metro system.
They have also allocated £170 million to housing - the majority of which will help first time buyers in a Help to Buy scheme.
£38 million will be spent on Health facilities - including building the final phase of Noah's Ark Children's Hospital.
Owain Phillips has a closer look at where the Government's going to be spending its cash.
Plans have been released showing what the South East Wales metro system could potentially look like in the future.
Today the Welsh Government announced £62m for phase one of the scheme to create a metro system and improve bus and rail links
In the long term, the system would offer the potential to travel to various areas in south Wales with proposals including rapid travel in and around Cardiff, new routes between central Cardiff and the north west of the city, and a new light rail system.
Among the funding announced by the Welsh Government Finance Minister Jane Hutt this morning is £174.5m for a 'Help to Buy Cymru' scheme, to help people to purchase new build homes.
- £174.5m for Help to Buy Cymru - a new shared equity scheme for Wales to help people to purchase new build homes
- £20m for the Social Housing Grant - to provide smaller properties to support families who have been displaced as a result of reductions in housing benefit
- £40m for dualing of the A465 between Gilwern and Brynmawr
- £40m for improvements to the M4 Brynglas Tunnels
- £17m for improvements to the A55 in North Wales
- £38m for health facilities - including the final phase of the Noah’s Ark Children’s Hospital for Wales
- £6m for Flying Start - to ensure a further 3,000 children and their families benefit
- £70m for ARBED ECO - a scheme to improve the energy efficiency of Welsh homes focusing on those in fuel poverty
£175.5m of the Welsh Government's infrastructure investment will go towards transport and flood defences.
It includes £62m for Phase 1 of a new scheme to create a South East Wales metro system through better bus and rail links.
The metro scheme aims to connect Cardiff, Newport and the Valleys as part of a wider city region.
The Welsh Government says it will commence this year.
£3.5m funding is allocated for 2013-14, with £28.7m for 2014-15, and £29.8m for 2015-16.
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.