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Gross borrowing as at 31 March (18629) Metric type
- Help text
- Gross borrowing as at 31 March
Borrowing is defined in paragraph 77 of the Prudential Code (2017). This is the unadjusted principle amount of all outstanding external borrowing.
As such, you should include:
All external borrowing by your local authority, both temporary and longer-term, for any purpose. When repayments are made, please deduct these from the principle and report the outstanding amounts.
All external borrowing in consortium with or on behalf of another authority or authorities. Where authorities borrow as a consortium, the lead authority should include the total amount under gross borrowing and the on-lent amount under investments. Other authorities in the consortium should report their share in borrowing. Similarly, borrowing on behalf of other authorities should be shown as both borrowing and investment.
All external borrowing in consortium with or on behalf of non-local government sector parties. As with borrowing with or for another authority or authorities, you should include the total amount under gross borrowing and the on-lent amount under investments.
You should exclude:
Any accounting adjustments, such as premiums and discounts, transactions costs, amortisation, fair value, accrued interest and effective interest rate adjustments.
Any internal borrowing, such as:
Billing authorities internal borrowing and lending between the General Fund and the Collection Fund.
Internal debt and repayments.
Advances and repayments under the Housing Act 1985 (Home Improvement grants etc) are not regarded as external.
- Modified
- 25 Jul 2023
- Data last updated
- 22 Nov 2023
- Short label
- Gross borrowing as at 31 March
- Status
- Live
- Output precision
- 0
- Polarity
- not applicable
- Measure
- £000s
- Dataset
- Prudential system information
- Source
- Department for Levelling Up, Housing & Communities
- is found in the following lists
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