A new report due before Burnley Council’s Executive says the authority’s finances are in a “sound and stable” position – despite continued pressure from inflation and rising costs.

The Quarter 3 Revenue Monitoring Report for 2025/26, forecasts a small net overspend of £54,000 by the end of the financial year. This represents an improvement on the previous quarter and is expected to be managed down to a balanced position by year end.

Strong financial management has been supported by the delivery of efficiency savings, control of expenditure and effective treasury management. The council continues to benefit from internal borrowing, generating net savings on interest costs, while keeping borrowing requirements under close review.

The council also maintains healthy earmarked reserves, providing resilience to manage future risks and support priority services.

Coun. Margaret Lishman, Portfolio Holder for Resources and Performance Management, said: “This report shows that the Council continues to manage its finances carefully and responsibly at a time when local government is under significant financial pressure. While we are not immune to rising costs and economic uncertainty, our strong approach to financial planning and monitoring means we remain in a healthy position.

“We will continue to keep a close watch on budgets during the final quarter of the year and take the necessary action to ensure we deliver a balanced outturn while protecting vital services for our residents.”