NHS overspend £94m9th November 2006
The NHS looks set to overspend again this year by almost £100m despite efforts to bring spending under control.
The debt figure for 2006/7 is expected to be on a par with last year, with NHS organisations forecasting £1.01bn in the red, despite job losses and hospitals cuts aimed at curbing the overspend.
The overall deficit figure of £94m comes after adjusting for surpluses elsewhere in the NHS, including a £350m contingency fund held by SHAs, who themselves expect a £569m surplus.
Against a backdrop of NHS financial pressures, hospitals and PCTs finished last year more than £1bn in deficit, which was cut in half thanks to surpluses made elsewhere being taken into account.
The remaining deficit was paid off by cuts made to this year's budget.
Just three months ago, the government had predicted the health service would end the year with an £18m surplus.
The total NHS budget is more than £80 billion.
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Title: NHS overspend £94m
Author: Laura E
Article Id: 1055
Date Added: 9th Nov 2006