§ Mr. Lofthouseasked the Secretary of State for the Environment if he will set out the national notional housing revenue account for the current financial year and the estimates made in respect of the next financial year, and list the assumptions contained therein.
§ Mr. TraceyThe following tables are summaries of the housing revenue accounts of local authorities in England for 1985–86 and 1986–87. These summaries are based directly on provisional outturn figures for 1985–86 and estimates for 1986–87 submitted by local authorities to the Department, adjusted to allow for a small number of missing authorities. Similar information is not available at this stage for 1987–88.
41W
1985–86 provisional outturn Expenditure £ million Supervision and management 979 Repairs and maintenance 1,312 Interest payments 2,662 Debt repayments 356 Capital met from revenue 60 Other expenditure 197 Change in balances 37 Total expenditure 5,603 Income Gross rent 3,594 Interest on mortgages 289 Interest on capital receipts 367 Rate fund contribution: rate rebate administration 19 Other rents and income 468 Total income 4,737
Expenditure £ million Balancing and Funding items Deficit 866 financed by Exchequer subsidy 482 Voluntary rate fund contributions 443 Transfers to the general rate fund -59
1986–87 estimates Expenditure £ million Supervision and management 1,074 Repairs and maintenance 1,434 Interest payments 2,655 Debt repayments 376 Capital met from revenue 63 Other expenditure 83 Change in balances -102 Total expenditure 5,583 Income Gross rent 3,706 Interest on mortgages 250 Interest on capital receipts 326 Rate fund contribution: rate rebate administration 22 Other rents and income 359 Total income 4,663 Balancing and Funding items Deficit 920 financed by Exchequer subsidy 501 Voluntary rate fund contributions 501 Transfers to the general rate fund -60