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Budget Presentation
Voluntary &
Community Sector
18th October 2012
Becky Hellard
The National Picture: Deficit v Debt
• Government plan was to eliminate the budget deficit by end
of 2016/17
• Total Debt at March 2012
£1,023 bn
• Forecast Total Debt at March 2017
£1,479 bn
• £1,479bn equates to 74% of estimated GDP
1000.0
800.0
600.0
£ billion
Public Sector Net Debt (£ billion) - Excluding Bank Bailouts
1600.0
1400.0
1200.0
400.0
200.0
0.0
2016-17
2014-15
2012-13
2010-11
2008-09
2006-07
2004-05
2002-03
2000-01
1998-99
1996-97
1994-95
1992-93
1990-91
1988-89
1986-87
1984-85
1982-83
1980-81
1978-79
1976-77
1974-75
Months from Start of Recession
4
2
0
-8
-10
1930-1934
1973-1976
1979-1983
1990-1993
2008-
54
-6
51
-4
48
45
42
39
36
33
30
27
24
21
18
15
12
9
6
-2
3
0
% Change in GDP from Peak
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Impact on Local Government
DEL = Departmental Expenditure Limits or Total UK Government Departmental Expenditure
Liverpool CC - Gross Revenue Spend (2012/13) £1,332m
Employees, £433m
Agency & Transfer
Payments, £592m
Premises, £87m
Capital Financing
Charges, £34m
Supplies & Services,
£175m
Transport, £11m
Liverpool CC - Gross Revenue Income (2012/13) £1,332m
Other Specific Service
Grants, £82m
H/CT Benefit Subsidy,
£340m
Dedicated Schools
Grant & Pupil Premium,
£324m
Other Income, £104m
Council Tax Income,
£164m
General Government
Grants (TFG), £318m
Liverpool CC - Net Revenue Spend (2012/13) £483m
Finance & Resources,
£3m
Chief Executive, £21m
Corporate Items
(Including Levies),
£85m
Regeneration &
Employment, £48m
Community Services,
£74m
Children & Young
People, £90m
Adult Social Care &
Health, £162m
Amount to be financed by Total Formula Grant (£318m) & Council Tax (£164m)
Liverpool – Budget Gaps
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•
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•
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2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
TOTAL
£91.4m (delivered)
£50m (delivered)
£32m
£40m
£33m
£38m
£284.4m
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Liverpool – LGA Model
Social Care - Children
Environment (inc Waste)
Social Care - Adults
Money available for all other services
£700
£600
£400
£300
£200
£100
2019/20
2018/19
2017/18
2016/17
2015/16
2014/15
2013/14
2012/13
2011/12
£0
2010/11
£ (million)
£500
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Mayoral Pledges
•
•
•
•
•
Build 12 new schools
Create 20,000 new jobs
Build 5,000 new homes
Make Liverpool business and enterprise friendly
Make the city greener, cleaner and healthier
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Planned Developments
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•
•
•
•
•
•
•
•
Liverpool Waters - £5.5bn
Edge Lane Retail Park - £130m
Royal Hospital - £451m
University of Liverpool - £600m
Liverpool John Lennon Airport Masterplan – £600m
Alder Hey - £326m
Project Jennifer - £150m
Exhibition Hall ACCL - £50m
New Mersey Leisure Speke Boulevard - £30m
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Budget Timetable
Next Steps
Budget Savings in 3 Tranches
• Tranche 1 – City Council - 7th November
• Tranche 2 – City Council – 16th January
• Tranche 3 – City Council – 6th March
• Consultation starts now
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Any Questions
?