The public sector debt piles up: here’s how much Dacorum and Hertfordshire councils owe...

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The scale of debt faced by councils across the UK has been laid bare in a new report – and it adds up to more than a million in Herts alone.

Herts County Council faced by a £1,385,685 mountain of long-term liabilities in the 2012 to 2013 financial year – an increase from £1,251,502 the previous year.

Liabilities cover pensions and other costs that do not have to be paid immediately, but will have to come out of an organisation’s budget at a later date.

 

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