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Budget shortfall reduced, but Norfolk County Council still facing £16 million financial hole, says report

Norfolk County Council leaders say the shortfall in their finances caused by the coronavirus has fallen, though they are still facing a multi-million pound overspend this year.

The authority had previously warned of a near £20 million hole in its finances caused by lost income and the costs of the response to the pandemic.

But new documents, published ahead of a cabinet meeting next week, say that figure has dropped to £18.1 million and is expected to fall further, to around £15.8 million, by the end of the current financial year.

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