Our budget

The budget sets out how much money we can spend on achieving our objectives within each service.

Our budget has two elements:

A revenue budget which includes spending on the day-to-day running of services, for example salaries, contracts for services and running expenses of buildings
A capital programme which includes expenditure on items that will be used by Norfolk County Council for more than one year: for example, land, buildings, vehicles and computers

The revenue budget and capital programme are supported by the annual treasury management strategy.

Revenue budget

Here are some key facts:

Our gross revenue budget for this year (2022-23) is £1.637bn
Between 2010-11 and 2019-20 our grant from the government was cut by £220m
The County Council approved an increase in council tax of 2.99% for 2022-23, including 1% for adult social care. Previously, the County Council froze its element of council tax for five years between 2011-12 and 2015-16. In 2016-17 council tax was increased by 3.99%, including 2% for adult social care. In 2017-18 council tax was increased by 4.8%, including 3% for adult social care. In 2018-19 council tax was increased by 5.99%, including 3% for adult social care. In 2019-20 council tax was increased by 2.99%. In 2020-21 council tax was increased by 3.99% including 2% for adult social care. In 2021-22 council tax was increased by 3.99% including 2% for adult social care.
Council tax accounts for 28% of Norfolk County Council funding and will raise £464m in 2022-23
Between 2011-12 and 2022-23 we have budgeted to achieve £505m savings
Over the same period the Council has had to absorb additional costs of £667m

A capital programme for 2022-27+ of £718m including major schemes such as: