Information about the financial challenge
The Financial Situation
A graph showing a reduction of money
The Financial Situation
Powys County Council is currently forecasting a funding shortfall, based on national fiscal analysis, of more than £18 million for the next financial year with that figure rising to £64 million or more over the next three years.
This leaves a considerable gap in our available finances and means we can't afford to continue delivering our services in the same way.
In previous years we have looked to our services to become more efficient. Whilst changes have been made, this approach is not sustainable in the long-term and we now need to be more radical and change our approach.
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