§ Mr. LetwinTo ask the Secretary of State for Scotland what is the current level of outstanding debt owed by each local authority in Scotland and the annual cost of servicing this debt. [51756]
§ Mr. Macdonald[holding answer 21 July 1998]: Table 1 shows, for each local authority in Scotland, the total amount of debt outstanding at 31 March 1997 on each of the main groups of accounts.
Authorities record the cost of servicing debt on relevant general fund services as loan charges within the general fund account. The cost of servicing debt on the trading and Direct Labour Organisation/Direct Service Organisation accounts is met from charges on the services provided.
Table 2 shows authorities' provisional estimates of the amount of loan charge payments on the general fund and on the housing revenue account for 1997–98.
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Table 1: Outstanding debt of Scottish authorities at 31 March 1997 as reported in authorities' Capital Debt Outstanding returns for March 1997 £ million Authority General fund services1 Housing revenue account Other services2 Total debt outstanding3 Scotland 5,224.324 4,152.375 99.586 9,476.285 Aberdeen City 230.525 142.429 3.546 376.500 Aberdeenshire 196.124 157.672 2.036 355.832 Angus 57.429 37.793 1.559 96.781 Argyll and Bute 156.277 54.623 1.003 211.903 Clackmannanshire 39.970 27.399 0.106 67.475 Dumfries and Galloway 166.610 110.710 0.992 278.312 Dundee City 150.947 111.383 4.246 266.576 East Ayrshire 87.920 84.169 2.147 174.236 East Dunbartonshire 77.046 44.016 0.324 121.386 East Lothian 97.602 46.159 0.464 144.225 East Renfrewshire 53.372 26.380 0.951 80.703 Edinburgh City of 576.881 247.795 7.213 831.889 Eilean Siar 114.276 45.922 3.044 163.242 Falkirk 102.615 98.189 0.240 201.044 Fife 266.032 213.457 6.714 486.203 Glasgow City 933.308 1,088.700 16.666 2,038.674 Highland 289.338 231.124 8.963 529.425 Inverclyde 98.440 106.165 4.026 208.631 Midlothian 73.128 26.407 0.000 99.535 Moray 85.433 49.331 2.394 137.158
Table 1: Outstanding debt of Scottish authorities at 31 March 1997 as reported in authorities' Capital Debt Outstanding returns for March 1997 £ million Authority General fund services1 Housing revenue account Other services2 Total debt outstanding3 North Ayrshire 101.189 89.927 4.686 195.802 North Lanarkshire 248.371 245.349 8.480 502.200 Orkney 6.610 5.580 4.513 16.703 Perth and Kinross 86.478 50.901 0.839 138.218 Renfrewshire 138.583 142.461 3.091 284.135 Scottish Borders 122.159 71.049 1.096 194.304 Shetland 0.000 61.086 0.000 61.086 South Ayrshire 85.664 61.405 0.139 147.208 South Lanarkshire 262.544 249.419 4.393 516.356 Stirling 96.799 50.146 0.904 147.849 West Dunbartonshire 92.762 91.010 2.977 186.749 West Lothian 129.892 84.219 1.834 215.945 1General fund services excludes debt on services such as the urban programme, which are not relevant for loan and leasing charges, and includes debt on housing general fund services 2 Other services includes debt on non-relevant services such as the urban programme, and debt on trading and Direct Labour Organisation/Direct Services Organisation services 3Covenant debt is not included table 1 Source:
Capital Debt Outstanding 1997 statistical return from authorities
Table 2: Servicing cost of Scottish Authorities' debt 1997–98 £ million Authority General fund servicers1 Housing revenue account2 Scotland 704.964 478.546 Aberdeen City 28.535 16.183 Aberdeenshire 25.391 15.268 Angus 9.123 3.978 Argyll and Bute 20.310 5.790 Clackmannanshire 5.583 3.898 Dumfries and Galloway 20.091 10.984 Dundee City 21.891 13.775 East Ayrshire 11.439 7.198 East Dunbartonshire 10.464 5.318 East Lothian 11.572 5.753 East Renfrewshire 7,626 2.599 Edinburgh City of 82.940 34.318 Eilean Siar 19.435 6.504 Falkirk 16.064 14.368 Fife 32.141 20.000 Glasgow City 116.060 129.907 Highland 36.045 25.204 Inverclyde 11.760 10.403 Midlothian 10.082 3.619 Moray 10.537 4.369 North Ayrshire 14.194 8.979 North Lanarkshire 38.452 32.706 Orkney 5.567 0.876 Perth and Kinross 12.987 5.310 Renfrewshire 21.635 15.405 Scottish Borders 16.199 6.882 Shetland 0.000 6.805 South Ayrshire 10.985 6.833 South Lanarkshire 35.733 27.356 Stirling 11.000 6.524 West Dunbartonshire 13.062 11.741 West Lothian 18.061 9.693 1Interest payments plus debt redemption recorded on the general fund by local authorities 2 Interest payments plus debt redemption recorded on the housing revenue account by local authorities Source:
Provisional Outtum 1997–98 statistical return from local authorities
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