Housing Revenue Account (HRA) statistics: local authority housing income and expenditure 1997-1998 to 2019-2020 (near actuals) and 2020-2021 (budgeted estimates)

This annual publication provides information on trends in the balance of HRA housing income and expenditure; the amount Scottish councils earned from housing and other council stock, how they spent this income and whether there was a surplus or deficit at year end.

Capital debt (table 21, table 1a)

39. A Local Authority may borrow to fund capital expenditure. Local Authorities may borrow from a number of sources including banks and other financial institutions. Most Local Authorities borrow from the UK Government's Public Works Loan Board (PWLB). In addition to borrowing Local Authorities may finance capital investment through other credit arrangements, such as finance leases, Public-Private Partnership (PPP) or Public Finance Initiatives (PFI). The sum of borrowing and any credit arrangement to finance capital investment is termed Capital Debt.

40. Total council housing debt stood at £4.02bn in 2019-20 an increase of £249m (6.6%) on the previous year and cost £273m in loan charges. Part of the increase in debt since 2007 is a consequence of increased borrowing by councils to meet the capital costs of new build housing and improvements to existing houses and reductions in receipts from the sale of council houses under RtB scheme which closed on 31 July 2016. Total HRA debt is estimated to rise to £4.46bn by 2020-21 (up £433m).



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