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Housing Finance

Volume 929: debated on Friday 1 April 1977

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asked the Secretary of State for the Environment if he will state the proportion of local authority housing revenue owed from rents, rate subsidy and Exchequer subsidy, respectively, and the proportion of local authority housing costs represented by maintenance, management, interest and amortisation, respectively.

The make-up of the aggregated housing revenue accounts of local authorities in England for 1976–77 is estimated as follows:

Expenditure%
Repairs and maintenance17
Supervision and management13
Interest charges61
Debt redemption6
Other expenditure3
100
Income
Gross rents (dwellings)53[41]
Other rents2
Exchequer subsidy36[45]
Rate fund contribution7[10]
Other income2
100
The figures in brackets are the percentages for rents net of rebates, and for Exchequer subsidy and rate fund contributions including subsidy and contribution respectively for rent rebates.