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Edinburgh Live
Edinburgh Live
National
Donald Turvill

Edinburgh Council to borrow £1 billion at "significant risk"

Council bosses have set out plans to borrow more than £1 billion to fund city spending over the next four years.

Edinburgh City Council warned that increasing borrowing in the midst of rising interest rates will be a "difficult balancing act" that will bring with it "significant financing risk."

A projected £2.49 billion will be spent by the council between the current financial year and March 2026.

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