Magazine article Public Finance

Trust's Debt Cancelled Prior to Restructuring

Magazine article Public Finance

Trust's Debt Cancelled Prior to Restructuring

Article excerpt

A Welsh NHS trust has become the second to have Its debt written off fn the shake-up of the health service in Wales.

Health Minister Edwina Hart announced on September 29 that Hywel Dda NHS Trust's cumulative historic debt of just over £40m had been 'extinguished' to allow the new Local Health Board to start work on October 1 with no debt on its books.

Hart said she now expected the newly formed board to live within its financial allocation. Sound budget management was a top priority for the new LHBs, she added.

'I believe the new simplified organisations with smaller management will mean more funding for frontline services/ she said.

Welsh Liberal Democrats health spokesman Peter Black said he understood why the debt had been written off, but it was important that all locai health boards should begin work on a 'level playing field'. …

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