Purpose

Cabinet will consider the financial framework
for the budget setting cycle and medium term financial planning for
2026/27 to 2028/29.  

Decision

Cabinet approved the
following recommendations:

·      
Note the revised medium term financial planning forecast to
2028/29

·      
Approve the budget process approach as set out in the report
 
Reasons for Decision: The preparation
of the budget and three-year medium term financial plan is the
first stage of the annual business planning cycle for the
forthcoming financial year 2026/27.