(1)The Secretary of State must, for each financial year, make a written statement showing—
(a)the total amount of the payments which the Secretary of State estimates will be made for the financial year under section 118(1),
(b)the total amount of the payments which the Secretary of State estimates will be made to the Welsh Ministers, the First Minister or the Counsel General for the financial year by Ministers of the Crown and government departments, and
(c)the total amount of the payments which the Secretary of State estimates will be made to the Welsh Ministers, the First Minister or the Counsel General for the financial year otherwise than by a Minister of the Crown or government department.
(2)A statement under this section must also include such other information as the Secretary of State considers appropriate.
(3)A statement under this section for any financial year must also show the total amount which the Secretary of State for Wales proposes to expend for the financial year out of money provided by Parliament otherwise than on making payments into the Welsh Consolidated Fund.
(4)A statement under this section for a financial year must include details of how the total amounts mentioned in subsections (1)(a), (b) and (c) and (3) have been arrived at.
(5)A statement under this section for a financial year is to be made no later than four months before the beginning of the financial year.
(6)The Secretary of State must lay before the Assembly each statement under this section.