Capital Financing Requirement (CFR)

A concept related to the amount of capital expenditure that needs to be financed. The amount of capital expenditure that a local authority needs to finance. A measure representing a local authority's underlying need to borrow for capital purposes. The amount of capital expenditure that a local authority has to finance. A measure of a local authority's underlying capital needs that are not financed by revenue or capital receipts, representing the amount of debt the authority needs to service.