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One in seven NHS trusts facing “significant” financial difficulties

BMJ 2003; 326 doi: (Published 29 March 2003) Cite this as: BMJ 2003;326:680
  1. Caroline White
  1. London

    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 …

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