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Councils in Wales borrow to cover shortfalls

Councils across Wales have increased some of their borrowing levels by nearly 80% over the past year, BBC Wales can reveal.

The loans are being used by local authorities to cover shortfalls caused by big cuts in the money they receive from central government.

The Welsh Local Government Association said borrowing was still at a historically low level.

BBC Wales business correspondent Nick Servini reports.

  • 06 Mar 2012