Inherited Council Indebtedness

Part of Environment – in the Northern Ireland Assembly at 3:00 pm on 26th January 2009.

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Photo of Sammy Wilson Sammy Wilson Shadow Spokesperson (Communities and Local Government), Shadow Spokesperson (Education) 3:00 pm, 26th January 2009

The debt incurred by local government amounts to £376·6 million. Since 2007, there has been no huge increase. I do not have the figure to hand; I am not a walking encyclopaedia. I will write to the Member with that information. However, I understand that the increase is marginal. This year, £30 million of local government debt will be repaid.

We must closely monitor the issue of local government debt. It would be unfair for councils that have been prudent to find their ratepayers burdened with debt from councils that have been on a spending binge. Through the guidelines that have been produced and the additional powers in the Finance Bill, we can stop councils from spending in a profligate way.