Issue - meetings
Test 6
Meeting: 16/07/2025 - Cabinet (Item 7.)
7. MEDIUM TERM FINANCIAL PLAN UPDATE - JULY 2025 
PDF 254 KB
Division/Wards Affected: All
Purpose: To provide the latest six-monthly update of the Council’s Medium Term Financial Plan (MTFP), reflecting updated assumptions, risks, and strategic context. The report outlines the projected budget gap for 2026/27 and the medium term and outlines the context for developing a balanced budget.
Author: Jonathan S. Davies Head of Finance (Acting Section 151 Officer)
Contact Details: jonathandavies2@monmouthshire.gov.uk
Additional documents:
Decision:
That Cabinet note the updated projected revenue budget shortfall of £13.6 million for 2026/27 and a cumulative shortfall of £38.0 million over the medium term.
That Cabinet note the outline budget setting timetable as outlined in Appendix 1. 2.3.
That Cabinet note the progress against the Medium Term Financial Strategy (MTFS) delivery plan, as detailed in Section 14 of Appendix 1.