TIDM54MP

RNS Number : 9090G

Aberdeen City Council

07 March 2018

Aberdeen City Council sets 2018/19 budget

Aberdeen City Council yesterday (6 March 2018) held its 2018/19 budget meeting and agreed recommendations in relation to:

   --      General Fund Revenue and Capital Investment Programme; 
   --      Housing Revenue Account (HRA) and Capital Investment Programme;

A balanced budget has been set. The Council is governed by the Local Government Finance Act 1992 and projected expenditure must be matched by income.

A budgeted spend of over GBP950million, comprising GBP269m capital and GBP689m revenue expenditure, was agreed.

The budget was set by elected members at a meeting of the full Council. Copies of the 2018/19 budget report and related decisions are available at: https://goo.gl/JdNhhV .

ENDS

Issued on behalf of Aberdeen City Council by Paul Smith. For further information email PaulSmith1@aberdeencity.gov.uk.

This information is provided by RNS

The company news service from the London Stock Exchange

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March 07, 2018 02:00 ET (07:00 GMT)

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