WiredGov Newswire (news from other organisations)
Audit Wales - Financial statements a 'true and fair' reflection of NHS Wales' finances
The Auditor General has published an infographic on the NHS (Wales) summarised accounts for 2019-20.
Our new infographic, published today by the Auditor General, consolidates the results of the 11 Welsh NHS bodies and provides a summary of its finances.
Public sector financial accounting and reporting requirements are detailed and complex. Our new infographic provides a straightforward, accessible summary, highlighting key aspects of the accounts and assurances provided as part of our audit.
Our infographic explains how public money is being used by the NHS in Wales and provides a summary of the NHS bodies’ financial performance. Our NHS summary covers seven local health boards, three NHS Trusts and one special health authority.
As shown by the infographic, the NHS in Wales is funded primarily by the Welsh Government, and in 2019-20 it spent £8.7 billion. It employs 83,000 people working in the community, in hospital settings and in support services.
This is a new format we are presenting financial accounts data for the public sector, to make the information more understandable for the general public. The NHS accounts infographic is the first we plan to publish before the end of 2020. Welsh Government and local government (all 22 local authorities) accounts infographics will be published in a similar format later this year.
The NHS Wales summarised accounts for 2019-20 are true and fair, but four Welsh NHS bodies failed to meet their financial duty to break-even over a three-year period. These four bodies had accumulated deficits of £354 million over the last three years. The 2019-20 deficit was £89 million, compared to £96 million the previous year.
In terms of our new infographic, I’m pleased that we have come up with a visual representation of the NHS accounts and I look forward to seeing what the picture looks like for the upcoming local government accounts and Welsh Government accounts that will follow this autumn.
Auditor General, Adrian Crompton
Notes to Editors:
- The finances of NHS Wales have been brought together in one set of accounts for the first time in 2019-20. This new format of presenting data is new for Audit Wales and we plan to publish the 2019-20 accounts for local (including all 22 local authorities) and central government in a similar format before the end of 2020.
- The Auditor General is the independent statutory external auditor of the devolved Welsh public sector. He is responsible for the annual audit of the majority of the public money spent in Wales, including the £20 billion of funds that are voted on annually by the Welsh Parliament. Elements of this funding are passed by the Welsh Government to the NHS in Wales (over £8 billion) and to local government (over £4 billion).
- The audit independence of the Auditor General is of paramount importance. He is appointed by the Queen, and his audit work is not subject to direction or control by the Welsh Parliament or government.
- The Wales Audit Office (WAO) is a corporate body consisting of a nine member statutory Board which employs staff and provides other resources to the Auditor General, who is also the Board’s Chief Executive and Accounting Officer. The Board monitors and advises the Auditor General, regarding the exercise of his functions.
- Audit Wales is the umbrella name for the Auditor General for Wales and the Wales Audit Office. Audit Wales is a registered trademark, but it is not a legal entity in itself.
Latest News from
WiredGov Newswire (news from other organisations)
NHS Confederation responds to the Chancellor's comments on public sector spending04/10/2022 10:25:00
Matthew Taylor, chief executive of the NHS Confederation, responds to the Chancellor's comments on public sector spending.
NHS “dental deserts” persist in rural and deprived communities – LGA analysis03/10/2022 09:25:00
New analysis by the Local Government Association reveals a growing number of “dental deserts” across the country with more deprived or rural local authority areas having fewer NHS dentists than those in more affluent urban areas.
Union leaders call on PM to rule out “crippling” cuts to public services29/09/2022 16:05:00
Union leaders have today (Thursday) called on the Prime Minister and Chancellor to provide a “cast-iron assurance” they will not make further spending cuts to public services.
TUC welcomes Labour plan for fully funded breakfast clubs29/09/2022 12:15:00
TUC General Secretary Frances O’Grady recently (27 September 2022) responded to the announcement by Shadow Education Secretary Bridget Phillipson that a Labour government will introduce fully funded breakfast clubs for every primary school in England.
Liz Truss must reverse her budget to stabilise the economy - TUC29/09/2022 10:33:00
TUC head of economics Kate Bell yesterday commented on the Bank of England’s emergency intervention to protect credit flow in the aftermath of the mini-budget.
CBI responds to Leader of the Opposition's speech28/09/2022 16:05:00
CBI yesterday responded to Leader of the Opposition's speech.
TUC welcomes Labour proposal for a new public energy champion28/09/2022 13:33:00
TUC General Secretary Frances O’Grady yesterday commented on the announcement by Labour leader Keir Starmer of proposals for a new publicly owned energy champion called Great British Energy.
"Some energy companies are falling drastically short of the mark": Citizens Advice responds to Ofgem market compliance review28/09/2022 10:25:00
Citizens Advice has responded to Ofgem’s review of supplier practice in helping people struggling with bills.