Merthyr Tydfil Council is currently predicting a £13m shortfall in its funding for next year. That was the update given by the council’s cabinet member with responsibility for finance Councillor Andrew Barry.
In a statement, he said that over the past few months the country has been exposed to economic turmoil and the early signs are the council will be facing unprecedented financial pressures over the coming year. He believes it was important to bring that information to people at the earliest opportunity. He said: “All the indicators would suggest the financial settlement we are about to receive from Welsh Government will be poor, because of the poor settlement they are about to receive from central government.
“We are currently looking at a £13m shortfall within that funding gap. The daily turmoil you see on the TV is now putting us in the situation where we must find money to fill that funding gap or reduce services that we simply cannot afford to deliver.
