Spend on servicing debt each financial year
Case reference FOI2026/01014
Received 14 May 2026
Published 11 June 2026
Request
I am making a request under the FOIA: In pounds, how much money does the council spend on servicing debt in each financial year?
Please provide figures for the following financial years:
2020-21
2021-22
2022-23
2023-24
2024-25
How much was the council liable to spend on servicing debt each financial year?
How much did the council actually spend on servicing debt each financial year?
Please give answers in pounds.
Response
Thank you for your request for information under the Freedom of Information Act 2000.
Please find the answers to your queries below:
I am making a request under the FOIA: In pounds, how much money does the council spend on servicing debt in each financial year?
Please provide figures for the following financial years:
2020-21
Interest payments = £5,280,000.
Minimum Revenue Provision of Repayment of Borrowing (MRP) = £1,288,000.
2021-22
Interest payments = £5,112,000.
Minimum Revenue Provision of Repayment of Borrowing (MRP) = £1,381,000.
2022-23
Interest payments = £5,696,000.
Minimum Revenue Provision of Repayment of Borrowing (MRP) = £1,550,000.
2023-24
Interest payments = £4,617,000.
Minimum Revenue Provision of Repayment of Borrowing (MRP) = £1,560,000.
2024-25
Interest payments = £11,358,000.
Minimum Revenue Provision of Repayment of Borrowing (MRP) = £2,008,000.
*Minimum Revenue Provision of Repayment of Borrowing (MRP) – i.e. the minimum amount which must be charged each year to the Council’s General Fund revenue account and set aside as provision for credit liabilities.
How much was the council liable to spend on servicing debt each financial year?
Please note that the MRP or Minimum Revenue Provision (MRP) is the statutory annual charge that councils in England and Wales must make to their General Fund Revenue Account to repay the borrowing used to fund capital expenditure.
How much did the council actually spend on servicing debt each financial year?
Please give answers in pounds.
Please see the information provided above.
Yours sincerely,
FOI Team
Guildford Borough Council
Documents
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