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POLICY AND POLITICS

40% of West Surrey revenue budget to be absorbed by servicing debt

Some 40% of one of the new Surrey unitaries’ net revenue budget will be absorbed by servicing debt, it has emerged.

40% of West Surrey revenue budget to be absorbed by servicing debt

Some 40% of one of the new Surrey unitaries' net revenue budget will be absorbed by servicing debt, it has emerged.

West Surrey Council has a gross financing cost of £320m a year or 40% of its net revenue budget.

Dan Peters

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