Issue

financial deficit

4 stories · 4 councils

A situation where more money is flowing out of a fund than is flowing in, representing a shortfall in finances where expenses exceed revenues during normal operations.

Latest stories

  1. Barnet Pension Fund's Net Assets Grow to £1.86bn Amidst Increased Benefit Payouts Barnet Pension Fund has seen its net assets grow to £1.86 billion in the financial year 2025/26, an increase of £143 million, despite paying out more in benefits than it... Barnet 16 September 2026
  2. Croydon Faces Unsustainable Finances Despite Budget Deficit Reduction Efforts Croydon's financial position remains unsustainable despite efforts to reduce its budget deficit, according to a recent review. The council's struggle is largely due to the cost... Croydon 22 November 2025
  3. Greenwich Schools Face £7.3M Funding Deficit Due to High Needs Block Overspend Royal Greenwich schools are facing a significant financial challenge, with a projected £7.3 million deficit in the Dedicated Schools Grant (DSG), according to reports discussed... Greenwich 12 October 2025
  4. King's Trust Misses Financial Target, Records £33.7M Deficit Despite Cost Savings King's College Hospital NHS Foundation Trust recorded a £33.7 million deficit for the 2024/25 financial year, despite delivering £50.8 million in cost savings. The Trust aims to... Bromley 9 July 2025