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National Water Authority's Budget

Volume 888: debated on Wednesday 12 March 1975

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asked the Secretary of State for Wales what proportion of the capital budget of the Welsh National Water Authority for the financial year 1975–76 is accounted for by interest charges, and what proportion by inflation in the financial year 1974–75.

The authority has stated that approximately 37 per cent. of its estimated revenue expenditure for 1975–76 will be taken up by interest charges on its existing and forward capital programme. An allowance for inflation will take up a further 14 per cent. of its estimated revenue expenditure, excluding interest charges.