Rydym yn wynebu heriau mawr oherwydd y cyfuniad o ansicrwydd economaidd ehangach a pholisïau Llywodraeth y DU. Nid oes gan Lywodraeth Cymru reolaeth dros bolisi macro-economaidd na threthi a nawdd cymdeithasol: nid oes gennym y pwerau, er enghraifft, i gynyddu budd-dal plant er mwyn codi plant allan o dlodi. Serch hyn, rydym yn benderfynol ein bod yn ymateb modd rhagweithiol. Yn ogystal â’r ansicrwydd presennol a’r effaith gymdeithasol sy’n golygu y bydd mwy o gartrefi’n wynebu problemau fel amddifadedd a dyledion, mae hefyd resymau economaidd sy’n ein sbarduno i weithredu. Mae tlodi yn gost i’r genedl, yn nhermau’r golled i’r unigolion ac i’r economi, a gallai hynny wedyn arwain at alw cynyddol ar y gwasanaethau cyhoeddus - er y gallai fod yn bosibl osgoi hyn. Mae’n bwysicach nag erioed i gadarnhau ein hymrwymiad i fynd i’r afael â thlodi ac i ymdrechu’n galetach i ddod o hyd i’r ffyrdd mwyaf effeithiol o wneud hynny.
We face considerable challenges as a result of the combination of wider economic uncertainty and UK government policies.  The Welsh Government does not have control over macro-economic policy or tax and social security: it is not within our power, for example, to increase child benefit to lift children out of poverty.  Nevertheless we are determined to be pro-active.  Even setting aside the current uncertainties and the social impact of more households encountering problems of indebtedness and deprivation, there is an economic imperative for action.  Poverty costs us as a nation, not only in terms of losses to individuals and the economy but also through increased - yet potentially preventable - demands on public services.  It has never been more important to reaffirm our commitment to tackling poverty and to redouble our efforts to find the most effective ways of doing so.