1. How much deficit/pressure/overspend have you identified in your Medium Term Financial Strategy IN (a) 2024-25 (b) 2025-26 and (c) 2026-27?
Please do not provide me with a figure for 2023-24 or any year before that.
2. Please provide (a) a link to your latest Medium Term Financial Strategy and (b) the page number(s) where the answer to question 1 can be found.
The Authority’s last published Medium Term Financial Strategy was for setting the 2023/24 budget (February 2023). Budgets and expenditure | Devon County Council
Key Table 4, page 12 provides the latest published figures for 2025/26 and 2026/27.
The Authority is in the process of setting budgets for 2024/25, following the announcement of the Local Government Provisional Financial Settlement on 18 December 2023.
The Authority expects to agree a balanced budget for 2024/25 and Cabinet approved the budget service targets for 2024/25 at its meeting on 10 January 2024.
The report, which sets out inflation, pressures, savings and additional income can be found in the agenda papers:
Target Budgets 2024-25.pdf (devon.gov.uk)
During January 2024 the Authority’s Scrutiny Committees will be undertaking a review of the proposed detailed service budgets for 2024/25.
An updated Medium Term Financial Strategy (years 2025/26, 2026/27 and 2027/28) along with the final budget for 2024/25 will be published in the agenda papers for the Cabinet meeting on 9th February, 2024.