The Treasury says the Welsh Government will get £1.5 billion to spend on capital projects like building roads, schools and social housing in 2015/16. That's £0.2 billion more than it's getting this year and £0.1 billion more than it's already been told it will get next year.
The increase in real terms is 0.3%. It does not include finance for relieving congestion on the M4 around Newport. That would be paid for under a deal allowing the Welsh Government to borrow money that has not yet been finalised.
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