Plan for Financial Sustainability
Barnet Council is currently addressing a projected £198 million budget deficit by March 2029 through a financial sustainability plan.
Barnet Council's Cabinet received a financial sustainability plan in October 2026, outlining strategies to address a projected budget deficit of £198 million by the financial year 2029/30. The plan aims to balance the budget by March 2029 and manage future financial challenges, with a medium-term financial strategy highlighting a £113.5 million gap in 2027/28.
The plan proposes key strategies including prevention, progression, productivity, service and asset review, and income generation. This strategy is Barnet Council's approach to tackling its structural financial challenges and achieving long-term financial stability.
Key facts
- Barnet Council faces a projected budget deficit of £198 million by the financial year 2029/30, according to a plan presented to its Cabinet in October 2026. Source
- The council's medium-term financial strategy projects a budget gap of £113.5 million in 2027/28. Source
- The financial sustainability plan aims to balance the budget by March 2029. Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 14 October 2026. Spotted a mistake? Email community@opencouncil.network.