Gareth Thomas – 2016 Parliamentary Question to the Department for Communities and Local Government
The below Parliamentary question was asked by Gareth Thomas on 2016-10-17.
To ask the Secretary of State for Communities and Local Government, what representations he has received on allowing local authorities to balance their budgets over a period longer than 12 months since 1 October 2015; and if he will make a statement.
Mr Marcus Jones
Government receives representations on a range of local government finance issues. The annual balanced budget requirement is a key element of the local authority financial control framework. It means that the council is content that underlying income will cover ongoing costs and future commitments in a sustainable and manageable way.
In addition to preparing annual balanced budgets local authorities should prepare multi-year Medium Term Financial Plans. In order to support effective multi-year financial planning the then Secretary of State for Communities and Local Government published an historic four year local government finance settlement on 8 February 2016. Councils across England applied for the four year offer on the 14 October and the government will respond as soon as practicable.
