The Council has a legal requirement to set a balanced budget in March 2020 for the 2020/21 financial year.  This report sets out the actions, proposals and main risks to setting a balanced budget for 2020/21.

The MTFP supports the delivery of the Wirral Plan and is key to ensuring the Council is financially stable.  Progress against the MTFP is monitored throughout each year, as part of routine financial management, to ensure that plans are on track and any necessary corrective action is taken at the earliest opportunity.