The Welsh Government will get an extra £104m over the next two years from the budget, according to the Wales Office minister Stephen Crabb. He says that Wales will only see its budget reduced by 0.2% compared to a 1% cut in other Whitehall departments.
And he says that cut will be off-set by an increase in the knock-on effect of spending in England on devolved areas like health and education, meaning a small increase of £104m.
Welsh families, businesses and politicians have been counting the cost of today's Budget, as they look to balance their own books.
From Credit crunch to VAT, here is a quick glossary of some of the key terms you will hear in this year's Budget.