(1)The Secretary of State shall for each financial year make a written statement showing—
(a)the total amount of the payments which he estimates will be made by him for that financial year under section 80(1),
(b)the total amount of any other payments which he estimates will be made to the Assembly for that financial year by Ministers of the Crown and government departments, and
(c)the total amount of the payments which he estimates will be made to the Assembly for that financial year otherwise than by a Minister of the Crown or government department.
(2)The statement shall also—
(a)show the total amount of any basic credit approvals which the Secretary of State estimates will be issued by the Assembly for that financial year under section 53 of the [1989 c. 42.] Local Government and Housing Act 1989, and
(b)include such other information as the Secretary of State considers appropriate (including, in particular, information relating to amounts of any supplementary credit approvals which he estimates have been, or are to be, issued by the Assembly under section 54 of that Act).
(3)The statement shall also show the total amount which the Secretary of State for Wales proposes to expend for that financial year out of money provided by Parliament otherwise than on making payments to the Assembly.
(4)The statement shall include details of how the total amounts referred to in subsections (1)(a), (b) and (c), (2)(a) and (3) have been arrived at.
(5)The statement for each financial year after the first financial year of the Assembly shall be made no later than four months before the beginning of the financial year; and the statement for the first financial year of the Assembly shall be made as soon as is reasonably practicable.
(6)The Secretary of State shall lay before the Assembly any statement made under this section.