13 Medium Term Financial Plan 2023-2026 PDF 738 KB
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Minutes:
The Board gave consideration to a report providing a medium term financial plan for 2023/24 to 2025/26.Ìý The report was the basis for detailed financial planning and would be used to inform the savings target for 2023/24. It was intended that the budget gap would be addressed through the development of a value for money strategy and savings plan. The financial plan would continue to evolve as funding and cost pressures were confirmed.Ìý The UK Budget was expected in November with a draft Scottish Budget in mid-December 2022.
Decision
The Integration Joint Board –
1.
noted
the draft Financial Plan and budget outlook for 2023-24 to 2025-26;ÌýÌýÌý
2.
noted
the high level of risk and uncertainty;
3.
noted
the forecast budget gap; and
4.
noted
that work was underway to develop value for money and savings plans to address
the budget gap.
(Reference:Ìý Report by Head of Finance and Transformation dated 23 November 2022, submitted)
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