Issue - meetings

The Board gave consideration to a report providing a medium term financial plan for 2023/24 to 2025/26.  The report was the basis for detailed financial planning and would be used to inform the savings target for 2023/24. It was intended that the budget gap would be addressed through the development of a value for money strategy and savings plan. The financial plan would continue to evolve as funding and cost pressures were confirmed.  The UK Budget was expected in November with a draft Scottish Budget in mid-December 2022.

Decision

The Integration Joint Board –

1.    noted the draft Financial Plan and budget outlook for 2023-24 to 2025-26;   

2.    noted the high level of risk and uncertainty;

3.    noted the forecast budget gap; and

4.    noted that work was underway to develop value for money and savings plans to address the budget gap.

(Reference:  Report by Head of Finance and Transformation dated 23 November 2022, submitted)