English: Well, Llywydd, I was glad that there was a telephone call from the Chief Secretary to the Treasury to our finance Minister earlier this week, explaining the series of changes that the Chancellor has made to the things that we were being told would happen only last week. And I'm told that the Finance: Interministerial Standing Committee - the meeting of finance Ministers - planned for 20 October, is going to go ahead. So, I think that is a good sign of a more positive approach to engagement by the new team at the Treasury. Where we're able to, we will, of course, go on making the case that we've made for some time. I was responsible for the negotiation of the fiscal framework with the then Chief Secretary to the Treasury, David Gauke. Since then, the cash in the Welsh Government's budget has gone up by 40 per cent, but all the figures that were negotiated in 2016 have remained fixed where they were then. So, they were designed to enable the Welsh Government to handle better the fiscal responsibilities that they have - it's the annual borrowing limit, it's the aggregate borrowing limit, it's the amount of money we can put into and take out of the Welsh reserve. These are absolutely practical things designed to make best use of public money, and yet, we are stuck with figures that were right over five years ago, but certainly, are not right for the budget that we have today. The IWA's publication draws attention to all of that and suggests a different basis for Welsh Government borrowing. Our ability to borrow is capped on an annual basis and on an aggregate basis by the UK Government. The IWA paper suggests a prudential borrowing approach for the Welsh Government, which would mean that we would be in the same place as Blaenau Gwent County Borough Council - it doesn't have an artificial limit on the amount of capital that it can borrow; it has to demonstrate that its borrowing is affordable and prudent, and then it's allowed to borrow what it can afford. It just doesn't seem sensible that that ability is there for local authorities but denied to the Welsh Government, and we go on making the case for reform, and we'll do it with the latest set of Ministers at the Treasury.
Welsh: Wel, Llywydd, roeddwn i'n falch bod yna alwad ffôn gan y Prif Ysgrifennydd i'r Trysorlys i'n Gweinidog Cyllid yn gynharach yr wythnos hon, yn egluro'r gyfres o newidiadau a gafodd eu gwneud gan y Canghellor i'r pethau yr oeddem ni'n cael gwybod y byddai'n digwydd dim ond yr wythnos diwethaf. Ac yr wyf i wedi cael gwybod bod y Pwyllgor Sefydlog Rhyngweinidogol ar Gyllid - cyfarfod y Gweinidogion cyllid - sydd wedi'i gynllunio ar gyfer 20 Hydref, yn mynd i fynd yn ei flaen. Felly, rwy'n credu bod hynny'n arwydd da o ddull mwy cadarnhaol o ymgysylltu gan y tîm newydd yn y Trysorlys. Lle yr ydym ni'n gallu, byddwn ni, wrth gwrs, yn mynd ati i wneud yr achos yr ydym ni wedi'i wneud ers peth amser. Roeddwn i'n gyfrifol am drafod y fframwaith cyllidol gyda Phrif Ysgrifennydd y Trysorlys ar y pryd, David Gauke. Ers hynny, mae'r arian yng nghyllideb Llywodraeth Cymru wedi cynyddu 40 y cant, ond mae'r holl ffigyrau a gafodd eu trafod yn 2016 wedi parhau i fod lle'r oedden nhw bryd hynny. Felly, cawson nhw eu cynllunio i alluogi Llywodraeth Cymru i ymdrin yn well â'r cyfrifoldebau cyllidol sydd ganddyn nhw - dyma'r terfyn benthyca blynyddol, dyma'r terfyn benthyca cyfanredol, dyma'r swm o arian y gallwn ni ei roi i mewn a'i dynnu o gronfa wrth gefn Cymru. Mae'r rhain yn bethau hollol ymarferol sydd wedi'u cynllunio i wneud y defnydd gorau o arian cyhoeddus, ac eto, rydym ni'n sownd wrth ffigyrau oedd yn iawn dros bum mlynedd yn ôl, ond yn sicr, nid ydyn nhw'n iawn ar gyfer y gyllideb sydd gennym ni heddiw. Mae cyhoeddiad Sefydliad Materion Cymreig yn tynnu sylw at hynny i gyd ac yn awgrymu sail wahanol ar gyfer benthyca Llywodraeth Cymru. Mae ein gallu i fenthyg wedi'i gapio'n flynyddol ac ar sail gyfanredol gan Lywodraeth y DU. Mae papur y Sefydliad Materion Cymreig yn awgrymu dull benthyca darbodus ar gyfer Llywodraeth Cymru, a fyddai'n golygu y byddem ni yn yr un lle â Chyngor Bwrdeistref Sirol Blaenau Gwent - nid oes ganddo derfyn artiffisial ar faint o gyfalaf y gall ei fenthyg; mae'n rhaid iddo ddangos bod ei fenthyca yn fforddiadwy ac yn ddoeth, ac yna mae'n cael benthyg yr hyn y gall ei fforddio. Nid yw'n ymddangos yn synhwyrol bod y gallu hwnnw sydd yno i awdurdodau lleol ond yn cael ei wrthod i Lywodraeth Cymru, ac rydym ni'n mynd ati i gyflwyno'r achos dros ddiwygio, a byddwn ni'n ei wneud gyda'r set ddiweddaraf o Weinidogion yn y Trysorlys.