Local Councils and debt

The BBC report some of the detail from a written answer from the Environment Minister, the DUP’s Sammy Wilson, on the scale of Local Council debt [scroll down] – total debt £376,624,626. And £30,309,077 of that total is owed by Ballymena Borough Council, Derry City Council owes £21,061,374, Coleraine £27,839,209, Belfast £20,875,428, Armagh £21,633,264, Lisburn £21,062,197, Newry and Mourne £21,779,190, Newtonabbey £28,362,873, North Down £24,445,650, and Antrim £23,097,402. But, importantly, £11,513,780 of Ballymena’s borrowing is “repayable on demand or within 12 months”. [Adds “from council’s 2007/2008 uncertified accounts”].
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Local Councils

Mr Weir asked the Minister of the Environment to detail the level of debt of each local council.

(AQW 2264/09)

The Minister of the Environment: The level of debt of each district council, which has been extracted from council’s 2007/2008 uncertified accounts, is detailed below.














































































































































































District Council

2007 / 2008

Borrowing repayable on demand or within 12 months


£

2007 / 2008

Borrowing repayable within a period in excess of 12 months


£

2007 / 2008

Total debt


£

Antrim

1,971,355

21,126,047

23,097,402

Ards

638,312

14,455,187

15,093,499

Armagh

879,724

20,753,540

21,633,264

Ballymena

11,513,780

18,795,297

30,309,077

Ballymoney

404,051

9,160,350

9,564,401

Banbridge

762,940

12,365,941

13,128,881

Belfast

9,713

20,865,715

20,875,428

Carrickfergus

393,505

13,373,431

13,766,936

Castlereagh

237,997

17,737,682

17,975,679

Coleraine

1,899,632

25,939,577

27,839,209

Cookstown

51,493

1,668,056

1,719,549

Craigavon

1,294,207

6,925,910

8,220,117

Derry

1,095,354

19,966,020

21,061,374

Down

982,175

14,415,109

15,397,284

Dungannon and South Tyrone

143,717

1,887,236

2,030,953

Fermanagh

229,432

2,294,199

2,523,631

Larne

339,189

5,887,735

6,226,924

Limavady

177,134

8,806,286

8,983,420

Lisburn

907,227

20,154,970

21,062,197

Magherafelt

0

0

0

Moyle

295,978

8,309,192

8,605,170

Newry and Mourne

2,059,129

19,720,061

21,779,190

Newtownabbey

1,192,793

27,170,080

28,362,873

North Down

1,085,641

23,360,009

24,445,650

Omagh

514,507

9,886,778

10,401,285

Strabane

53,383

2,467,850

2,521,233

Total

29,132,368

347,492,258

376,624,626