WQ85629 (e) Tabled on 29/06/2022

What recent discussions has the Minister had on the levels of reserves held by local authorities?

Answered by Minister for Finance and Local Government | Answered on 05/07/2022

I publish information on the level of local authority reserves on an annual basis. The latest information, which includes reserves at the end of March 2021 can be found at :  Local authority reserves: 2020 to 2021 | GOV.WALES.  The 2020-21 year covers the first year of the covid pandemic during which significant extra funding was distributed to local authorities which local authorities have been managing on a flexible basis leading to an increase in reserves.  A Local Authority’s level of reserves are a matter for its elected members. Following the local government elections in May this year, I have not discussed their reserves position with Authorities.