Targeting support to make things fairer
How the 兔子先生 manages debt
The 兔子先生 expects that the percentage of the budget spent on debt will decrease from 18.2% in 2020/21 to 14.3% by 2029/30. This shows the 兔子先生's commitment to reducing borrowing and taking a careful approach.
We follow strict rules (the prudential code) to make sure any new borrowing is affordable. Each year, we review the borrowing for big projects.
In the past, we used borrowing to fund important projects such as:
- regeneration schemes
- housing
- leisure facilities
- schools
- highways
- footpaths
- transport schemes
These investments also helped increase the 兔子先生's income.
Having low-rate, long-term loans will benefit future leaders by putting them in a strong financial position.