NATIONAL AUDIT OFFICE: REPORT ON THE NHS SUMMARISED ACCOUNTS 2006-07: ACHIEVING FINANCIAL BALANCE
A statement from Edward Leigh MP, Chairman of the Committee of Public Accounts:
The Department of Health deserves to be congratulated for the £1 billion turnaround in the NHS. But the improvement this year does not in any way mean that the NHS has achieved long-term financial stability. One of the main reasons behind the surplus this year is simply that funds have been withheld from Primary Care Trusts and left in the coffers of the strategic Health Authorities. There are certainly some worrying issues.
There still remain a number of NHS organisations which have significant deficits, and for which achieving financial balance is a real struggle. In fact eighty percent of the gross deficit of £917 million exists in just 10 per cent of organisations. And I welcome the belated realisation by the DoH and NHS that poor financial management can undermine standards of patient care.
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