Diolch. This supplementary budget presents the Welsh Government's final spending plans for the current financial year. It increases the overall Welsh fiscal revenue and capital resources by £163 million, a 0.7 per cent increase on the position set out in the first supplementary budget, published in June 2022. 

In the main, this small increase is driven by transfers from other Government departments for specific purposes, which includes the tariffs agreed to support those fleeing the conflict in Ukraine. We have also drawn down the maximum possible from the Wales reserve. By utilising all our unallocated reserves in this budget, our fiscal spending plans for revenue and capital have increased by a total of £412 million—a 2 per cent increase.

We have had to make hard choices given our competing priorities. In this budget, we have made allocations to the health and social services MEG and the education and Welsh language MEG of £120 million and £32 million respectively, to support pay settlements for NHS Wales staff and teachers.

Our NHS faces record demands and increased costs whilst still recovering from the pandemic. In recognition of this, we are allocating a package of £170 million; £21 million is being repurposed from other portfolios in order to support key front-line services and to protect the most vulnerable.

To support our ongoing humanitarian response to the war in Ukraine, we have allocated £92 million in addition to the £20 million provided in the first supplementary budget. Seventy-four million pounds of this has been received from the UK Government to support these costs. 

I thank the committee for its consideration of this budget and the publication of its report, and I will provide a detailed response to its recommendations in due course. I ask Members to support the motion.