HC Deb 11 December 1975 vol 902 c309W
Mr. Canavan

asked the Secretary of State for the Environment what percentage of total local authority expenditure in England and Wales consisted of interest payments in the financial year 1974–5.

Mr. Oakes

Interest payments are estimated at about 15 per cent. of total revenue expenditure in 1974–5. Revenue expenditure includes all expenditure in the housing revenue account, the rate fund account and all trading accounts.

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