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Capital spending is money spent on creating or improving assets where the benefits last more than 12 months. This often means spending on things such as buildings or equipment, which can be used over a long period.
This kind of spending is different to revenue spending, which covers day-to-day items to run services such as staffing and purchase of services, so it is budgeted for separately.
Our five-year capital spending programme is updated continually for agreed changes, and is reported to the executive member for resources three times per year.
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