https://somersetdaily.co.uk/tags/treasurymanagement/Recent content in treasurymanagement on Somerset DailyHugo -- gohugo.ioen-usWed, 08 Jul 2026 04:56:00 +0000https://somersetdaily.co.uk/somerset-councils-debt-projected-to-fall-below-1-billion-by-2031/Wed, 08 Jul 2026 04:56:00 +0000https://somersetdaily.co.uk/somerset-councils-debt-projected-to-fall-below-1-billion-by-2031/Somerset Council’s overall debt, currently standing at over £1.1 billion, is projected to decrease below £1 billion within the next five years if ongoing financial strategies remain on course. The council’s substantial debt mainly stems from external borrowing through the Public Works Loans Board, a Treasury entity. These borrowed funds fuel essential projects such as building new schools, improving roads, and financing commercial investments. Formed in April 2023, the newly established Somerset Council inherited the combined debts of the former Somerset County Council and the four district councils.