One in seven NHS trusts facing “significant” financial difficultiesBMJ 2003; 326 doi: https://doi.org/10.1136/bmj.326.7391.680/f (Published 29 March 2003) Cite this as: BMJ 2003;326:680
- Caroline White
One in seven NHS trusts in England faced “significant financial difficulties” by the end of 2001-2, states the annual accounting report from the spending watchdog, the National Audit Office.
The Department of Health calculation for breaking even is a deficit of no more than 0.5% of turnover. On the basis of this, all NHS trusts broke even, but 50 trusts incurred deficits ranging from £1000 ($1600; ‡1500) to £11.5m.
Moreover, 46 (14%) of 318 trusts were managing major budgetary shortfalls at the end of the financial year, compared with 33 (9%) of 356 …