The financial situation
The Financial Situation
A graph showing a reduction of money
The Financial Situation
The current economic crisis and rising cost of living means Powys County Council is forecasting more than a £20million gap for the 2024/25 financial year.
This is expected to increase to £44million or more over the next four 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.