Issue - meetings

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.

Authors: Jonathan S. Davies - Head of Finance (Deputy Section 151 Officer) 

Peter Davies - Deputy Chief Executive, Strategic Director Resources (Section 151 Officer)

Contact Details: jonathandavies2@monmouthshire.gov.uk

That Cabinet note the updated projected revenue budget shortfall of £11.5 million for 2026/27 and a cumulative shortfall of £37.4 million over the medium term period to 2029/30.

That Cabinet note the outline budget setting timetable as outlined in Appendix 1.

That Cabinet note the progress against the Medium-Term Financial Strategy (MTFS) delivery plan, as detailed in Section 13 of Appendix 1.