The latest national statistics on the provisional outturn figures of local authority capital expenditure and receipts in the financial year April 2011 to March 2012 and forecast figures for April 2012 to March 2013 were released on 28 June 2012 under arrangements approved by the UK Statistics Authority.
The latest statistical release includes data from 2007 to 2008 to 2012 to 2013.
The main points of this release are:
- capital expenditure by local authorities in England excluding special factors of housing revenue account reform fell to £20.7 billion in 2011 to 2012, a year-on-year decrease of more than 10%, due partly to a reduction in expenditure on new construction and conversion; it is forecast to rise to £21.4 billion in 2012 to 2013, a year-on-year rise of 3%
- capital receipts have increased significantly in 2011 to 2012 to £1.8 billion excluding special factors of housing revenue account reform, a year-on-year increase of 22%; receipts are forecast to rise to £2.0 billion in 2012 to 2013
- the percentage decrease in capital expenditure in 2011 to 2012 is nearly 14% in housing, almost 13% in highways and transport, and 9% in education
There has been a reform to the housing revenue account system of payments which is reflected in the financial statistics shown in this statistical release.