A report that went before councillors said the 2020s were 'turning out to be a very risky era for the public finances'
Councillors have been told the 2020s are "turning out to be a very risky era for the public finances" due to the triple whammy of the COVID pandemic, the energy/cost of living crisis and inflation.
Bailie Alasdair Bailey also pointed the finger of blame at councillors for the estimated £12 million hole in PKC's budget. "The continued reviewing and updating of our Medium-Term Financial Plan is key to us maintaining that strong financial management." "Firstly, the unwinding of the service concession scheme that applied £10 million of non-recurring funding in 2023/24.
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