§ Mr. Nicholas Edwards
I have today laid before Parliament the Welsh Rate Support Grant Supplementary (No. 2) Report 1983–84 which adjusts local authorities' grant entitlement for the year using final information on expenditure outturns and interest rates. This data shows that fewer authorities have exceeded their targets than at budget stage and that the gross overspend by authorities has fallen. As a result grant holdback is reduced from £12.6 million to £10 million.
The report also makes consequential changes to the calsulation of grant related expenditure.
My Department is sending local authorities copies of the report, and details of their revised grant entitlements.
I propose to lay the first supplementary report for 1985–86 before the House on 9 July.