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Somerset council debt
County council, England. This council no longer exists; its last figures are for Mar 2023.
Total debt
£333m
£332,698,000
Debt per person
£576
577,172 residents
Net debt
£87.9m
after £245m of investments
Change in a year
−1.2%
−£3.9m since Mar 2022
Debt to budget
0.5×
times net current spending, 2022-23
Local economy
£28,432
GDP per person; debt is 2.0% of the area's £16.4bn GDP
Debt cost
£40
per person: £23.2m of interest and repayment in 2022-23 (£15.2m interest)
Somerset debt over time
Outstanding borrowing at each date, Mar 2010 to Mar 2023.
What Somerset spent capital money on
Councils borrow to pay for capital spending: buildings, roads, housing, loans to their own companies, commercial property. Capital spending by service in each financial year, and how much of it was paid for by new borrowing, 2018-19 to 2022-23.
Roads and transportSchools and educationPlanning and regenerationEnvironment and wasteCentral services and corporate propertyDigitalSocial careCulture, leisure and sport
| Year | Capital spending | Borrowed | Biggest items |
|---|---|---|---|
| 2022-23 | £105m | £33.5m | Roads and transport £44.0m, Schools and education £22.7m, Digital £12.5m |
| 2021-22 | £89.5m | £19.0m | Roads and transport £41.2m, Schools and education £22.2m, Central services and corporate property £8.7m |
| 2020-21 | £99.9m | £42.0m | Roads and transport £40.6m, Schools and education £37.9m, Planning and regeneration £9.1m |
| 2019-20 | £126m | £48.1m | Roads and transport £53.2m, Schools and education £33.9m, Environment and waste £17.4m |
| 2018-19 | £95.3m | £16.5m | Roads and transport £49.9m, Schools and education £28.9m, Planning and regeneration £7.4m |
"Borrowed" is new borrowing and credit used to finance that year's spending; it can exceed the spending when a council borrows to cover earlier costs or, with government permission, day-to-day losses. Source: MHCLG capital outturn (England, from 2018-19); StatsWales capital outturn (Wales). Not yet available for Scotland and Northern Ireland.
Somerset debt by year
| Date | Debt | Investments | Net debt | Per person | Population | Debt cost |
|---|---|---|---|---|---|---|
| Mar 2023 | £333m | £245m | £87.9m | £576 | 577,172 | £23.2m |
| Dec 2022 | £336m | £260m | £75.1m | £581 | 577,172 | £22.0m |
| Sep 2022 | £336m | £310m | £25.9m | £582 | 577,172 | £22.0m |
| Jun 2022 | £337m | £340m | £0 | £588 | 573,100 | £22.0m |
| Mar 2022 | £337m | £339m | £0 | £587 | 573,100 | £22.0m |
| Dec 2021 | £332m | £302m | £30.5m | £580 | 573,100 | £24.7m |
| Sep 2021 | £333m | £324m | £8.7m | £580 | 573,100 | £24.7m |
| Jun 2021 | £332m | £325m | £6.7m | £587 | 566,310 | £24.7m |
| Mar 2021 | £332m | £276m | £56.2m | £586 | 566,310 | £24.7m |
| Dec 2020 | £332m | £248m | £84.2m | £586 | 566,310 | £23.0m |
| Sep 2020 | £332m | £255m | £77.2m | £587 | 566,310 | £23.0m |
| Jun 2020 | £332m | £227m | £105m | £588 | 564,987 | £23.0m |
| Mar 2020 | £332m | £184m | £148m | £587 | 564,987 | £23.0m |
| Mar 2019 | £332m | £195m | £137m | £591 | 562,159 | £17.4m |
| Mar 2018 | £338m | £205m | £133m | £605 | 558,895 | £16.0m |
| Mar 2017 | £339m | £218m | £121m | £611 | 554,806 | – |
| Mar 2016 | £345m | £268m | £77.1m | £628 | 548,792 | – |
| Mar 2015 | £339m | £265m | £74.5m | £623 | 544,312 | – |
| Mar 2014 | £348m | £276m | £71.8m | £644 | 539,465 | – |
| Mar 2013 | £348m | £230m | £118m | £649 | 535,842 | – |
| Mar 2012 | £364m | £221m | £142m | £684 | 531,581 | – |
| Mar 2011 | £363m | £165m | £198m | £687 | 528,609 | – |
| Mar 2010 | £362m | £153m | £209m | £687 | 526,592 | – |