National Library has taken significant steps to improve its governance and management arrangements

No
Despite recent improvements in governance and action taken to reduce costs, the National Library of Wales faces both challenges and opportunities as it seeks to put itself on a sustainable, long-term footing. This is according to a report released today by the Auditor General for Wales. 
The report notes that, between 2013 and 2015, the Library experienced a turbulent period in its history during which it had to make significant financial savings as a result of year-on-year reductions in its funding from its sponsor body, the Welsh Government.

Welsh Government ‘well prepared to take on fiscal devolution responsibilities’

No

The Welsh Government is preparing well to take on its fiscal devolution responsibilities, in what will be the first time in over 800 years that Wales will be in charge of raising an element of its own tax revenues. That is the conclusion of a report released today by the Auditor General for Wales.