Local Authority Capital Forecast, 2008-09
The latest National Statistics on Local Authority Capital forecast: 2008-09 produced by the Welsh Assembly Government were released on 05 June 2008 according to the arrangements approved by the UK Statistics Authority.
Statistics on Capital forecast expenditure and financing by Welsh authorities include data for police, fire and national park authorities, for 2008-09. The latest release updates the statistics previously released on 6 June 2007.
The Release
Statistical Release 74/2008 (PDF 217kB)
The key points from the latest release are:
- Total forecast capital expenditure as reported by Welsh local authorities, including police, fire and national park authorities, for 2008-09 is £983 million. This represents a decrease of £135 million or 12% on the previous forecast year. Police authorities report a decrease of 4% in their forecast capital spending to £44 million, while fire authorities show an increase of £20 million to £28 million, mainly due to the relocation of South Wales Fire and Rescue headquarters.
- Housing services account for 23% of the total capital forecast in 2008-09, education services 20% and roads and transport 14% (chart 2).
- 62% of the funding for this expenditure is in the form of external support, mainly from the Welsh Assembly Government. The remaining 38% is from internal financing (chart 3). The unsupported borrowing element of internal financing is forecast to decrease by £44m or 27%.
Forecast expenditure is lower for 2008-09 due mainly to a decrease in unsupported borrowing and the replacement of the European Regional Development Fund with the new Convergence fund.
Further information can be found at the StatsWales website.
Contact:
Tel: 029 2082 3963
E-mail: stats.finance@wales.gsi.gov.uk
Next Update:
June 2009 (provisional - to be confirmed on the 'Due Out Soon' page)