Lesley Griffiths, cabinet secretary for environment and rural affairs in the Welsh government, said the money would reduce the risk from flooding to more than 2,100 homes and businesses across Wales.
She has also confirmed that there will be more than £144m capital funding for flood risk management over the next five years, in addition to the £150m coastal programme.
“Flooding can have a devastating impact on the lives of those affected,” the cabinet secretary said. “We know that climate and weather patterns are continuing to change and as a result flooding is likely to become more frequent. We therefore need to do all we can to reduce the risk to our communities while helping them to adapt to the risks they face which are beyond control.”
She added: “I am pleased to confirm we will be providing £32m in 2017/18, our largest capital budget in recent years, to help reduce the risk of flooding to thousands of homes and businesses. This highlights the priority we place on protecting and strengthening communities against flooding.”