Under the Freedom of Information Act, I would like to request the amount of money the council has spent servicing its debt in each of the last 3 financial years (2021-22, 2022-23 and 2023-24). This would include both debt repayments and payment of interest.
| Debt Servicing Costs | |||
| Interest Payable (Long Term + Short Term Borrowing) | Minimum Revenue Provision | PFI Costs | |
| £’000 | £’000 | £’000 | |
| 2021/22 | 25,958 | 11,816 | 13,252 |
| 2022/23 | 25,958 | 11,559 | 13,551 |
| 2023/24 (Forecast) | 25,534 | 9,832 | 12,694 |
| External Debt | ||||
| Brought Forward | New Loans | Repayments | Carried Forward | |
| £’000 | £’000 | £’000 | £’000 | |
| Long Term Borrowing | ||||
| 2021/22 | 507,849 | 0 | 0 | 507,849 |
| 2022/23 | 507,849 | 0 | 0 | 507,849 |
| 2023/24 | 507,849 | 0 | 46,500 | 461,349 |
| Short Term Borrowing | ||||
| 2021/22 | 0 | 0 | 0 | 0 |
| 2022/23 | 0 | 0 | 0 | 0 |
| 2023/24 | 0 | 29,000 | 16,000 | 13,000 |