Magazine article Public Finance

In Brief

Magazine article Public Finance

In Brief

Article excerpt


Assembly backs councils' borrowing

Welsh councils will be borrowing a total of £60m this year to spend on capital projects such as road improvements. The loans are being backed by the Welsh Government under its Local Government Borrowing Initiative. The three-year LGBI scheme will give councils £4m in revenue funding to help them meet loan repayments. Finance Minister Jane Hutt said: 1We want to help councils address revenue pressures, and see them undertake new and necessary capital investment in our highways.'


Concerns over take-up of benefits

Northern Irish pensioners could be missing out on benefits of between £3 Im and £197 m , the Nl Assembly's Public Accounts Committee has warned. Chair Paul Maskeysaid it was 'unacceptable' that millions of pounds in benefits for older people might be unclaimed. He suggested that voluntary and community groups should do more to help pensioners claim benefits. …

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