Diolch yn fawr, Lywydd. Y gyllideb atodol hon yw’r cyfle cyntaf i ddiwygio’r cynlluniau cyllidebol ar gyfer y flwyddyn ariannol bresennol. Cafodd y cynlluniau eu cyhoeddi a’u cymeradwyo gan y Cynulliad blaenorol ym mis Mawrth. Hoffwn gymryd y cyfle i ddiolch i’r Pwyllgor Cyllid newydd am ei waith craffu ar y gyllideb hon. Cyn hir, byddaf yn ymateb i’r Cadeirydd gyda’r wybodaeth ychwanegol y gofynnwyd amdani ar ôl fy ymddangosiad gerbron y pwyllgor.

Prif bwrpas y gyllideb hon yw ailstrwythuro cyllideb derfynol 2016-17 i gyfateb i bortffolios y Llywodraeth newydd. Mae hwn yn hanfodol er mwyn sicrhau atebolrwydd y Cabinet ac i reoli bloc Cymru yn effeithiol. Nid yw’r newidiadau hyn yn cael unrhyw effaith net ar y gyllideb gyfan. Mae’r gyllideb hefyd yn caniatáu inni ddangos nifer bach o newidiadau i’r gyllideb sy’n codi o’r penderfyniadau a gafodd eu gwneud yng nghyfnod y weinyddiaeth flaenorol.

Llywydd, these adjustments include revenue allocations announced earlier in the year of £10 million supplementary funding to the Higher Education Funding Council for Wales, £2.3 million funding for flood management, £1.3 million of business rate relief support for businesses in the Port Talbot enterprise zone, and £7.7 million budget cover for Welsh Assembly election costs. The budget includes allocations for capital funding announcements of £1 million for the flood alleviation scheme at Talybont, £5 million for our flood and coastal risk management scheme, £2.5 million for repairs to the Brecon and Monmouthshire canal, and £0.5 million for drainage improvements on the A55.

Commitments were also made by the previous Government in respect of funding received by the UK Government for the Cardiff capital region city deal and Action for Children Swansea’s SAIL project. These projects are not reflected in this budget, because plans were not well-enough advanced for an allocation to be made. Any allocations made during the rest of this financial year will be reflected in the planned second supplementary budget later in the year.

This supplementary budget also reflects adjustments to the Wales departmental expenditure limit made by the UK Government, such as Barnett consequentials. Since the approval of the final budget in March, we have received consequential funding adjustments totalling £73.8 million in revenue funding and £12.6 million in capital. These adjustments have been added to our reserves, given the turbulent and uncertain times we face. The level of reserves, as a result, are higher than usual at this stage in the year, but it is prudent, I believe, to hold reserves at a level that allows us to respond to possible further pressures on the budget. Any allocations from reserves will be reflected in the second supplementary budget, which I will bring forward in the usual way, towards the end of this financial year.

Llywydd, the revised plans outlined in this budget are, on the whole, administrative in nature, but are a necessary budgetary starting point for a new Government and to provide clarity for Assembly Members. The financial challenges we face in future years will be addressed in our draft budget for 20017-18, which I will bring forward in the normal way after the recess. Could I thank the Finance Committee once again for their scrutiny of this supplementary budget, and I ask Members to support it?