Welsh councils borrow £256m due to budget cuts

BBC News - Welsh councils borrow £256m due to budget cuts, WLGA estimates
Councils across Wales are estimated to have increased borrowing levels by nearly 80% to £256m over the past year.
Some of the loans are being used by local authorities to cover shortfalls caused by big cuts in the money they receive from central government.
The Welsh Local Government Association (WLGA) said borrowing is still at a historically low level.

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