Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Mre Gov. Funding Lowers Public Hospital Deficits

Public Health Financial Statistics: June 2000 quarter

Lower Public Hospital Deficits Due To Increased Government Funding

Hospital and Health Service (HHS) providers recorded the smallest Annual operating deficit since Crown Health Enterprises began in 1993, According to Statistics New Zealand.

"Provisional results show a small operating deficit of $1.1 million for the 30 June 2000 year", says Deputy Government Statistician Ian Ewing. "Last year in June 1999 the deficit recorded was $19.4 million."

Result for the June 2000 quarter Despite the small annual deficit, the Hospital and Health Service providers recorded a $10.3 million operating deficit in the June 2000 quarter. This figure is down $13.5 million on the $3.1 million surplus in the previous June quarter, and is the result of a rise in expenditure greater than the rise in income.

In the June 2000 quarter, operating income was $888.8 million, up $29.4 million from the same quarter a year before. The cost of providing services increased by $42.9 million, or 5.0 per cent, to reach $899.2 million.

"Operating income has increased primarily because of a $44.6 million increase in government funding," Ian Ewing says. "In the June 2000 quarter Government funding met 92.5 per cent of HHS operating revenue."

Operating position for the 12 months to June 2000 In the year to June 2000 government revenue was $3,197.4 million, $204.8 million or 6.8 per cent higher than in the year to June 1999. The cost of providing services has increased at a slower rate. In the twelve months to June 2000 the cost of providing services was $3,428.7 million; $146.7 million or 4.5 per cent higher than in the 12 months to June 1999.



Increased government funding went to maintain and improve health services, reduce the elective services backlog, provide additional resources for new "Family Start" initiatives and furnish more funds for new child and youth mental health services.

Increasing debt and declining equity levels Total debt owed by the HHS providers continues to rise, up $80.9 million between June 1999 and June 2000. At the same time, taxpayers' equity rose by $19.5 million to reach $921.6 million. As a result, the debt-to-equity ratio has risen from 1.53 in June 1999 to 1.58 in June 2000.

Total debt at the end of June 2000 consisted of current liabilities ($729.3 million), long-term loans ($672.3 million) and other term liabilities ($58.0 million). All classes of debt showed increases, with long-term loans up $61.9 million, current liabilities up $10.4 million, and other term liabilities up $8.6 million.

Capital expenditure The book value of fixed assets reached $1,829.6 million at the end of June 2000, up from $1,735.0 million a year earlier. The debt-to-fixed asset ratio was 0.80 in the June 2000 quarter, up on the 0.78 in the June 1999 quarter. During the June 2000 year $311.8 million in fixed assets were acquired by HHS providers, while $40.0 million were disposed of.

Ian Ewing Deputy Government Statistician End

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Anti-Corbyn Split In British Labour

The resignation of seven UK Labour MPs in protest against the leadership of Jeremy Corbyn is another example of the centre-left’s readiness to sabotage its own cause – such things are always allegedly done on principle – even if the outcome hands the country over to Conservative rule for five more years.

Certainly, a technician hot-miked at the splitters’ press conference was pretty sure this would now be the outcome, and he accidentally informed the nation to that effect. More>>

 
 

Auckland Action Against Poverty: Motels Profit From Housing Crisis

A single motel which charges up to $1,500 per week per room has received over $3 million worth of Government funds to provide emergency assistance, despite never having a Code Compliance Certificate – an offence under the Building Act – and receiving a series of longstanding complaints from occupants... More>>

ALSO:

Gordon Campbell: On The Alleged China Relations Crisis

If New Zealand’s relations with China are ‘deteriorating’ then you still need a microscope to detect the signs... More>>

ALSO:

Environment: Government To End Tenure Review

“Tenure review has resulted in parcels of land being added to the conservation estate, but it has also resulted in more intensive farming and subdivision on the 353,000 ha of land which has been freeholded. This contributed to major landscape change and loss of habitat for native plants and animals,” said Eugenie Sage. More>>

ALSO:

Bell Tolls: Big Changes, Grand Mergers Planned For Vocational Training

“At a time when we’re facing critical skill shortages, too many of our polytechnics and institutes of technology are going broke... More>>

ALSO:

Sallies' State Of The Nation: Progress Stalled In Reducing Inequality

The report shows a lack of tangible progress in key areas including record levels of household debt and a growing gap in educational achievement between poorer and more well off communities. More>>

ALSO:

Party Politics In Tax Morale Survey: SSC To Seek Answers From IRD

Minister of State Services Chris Hipkins has today asked the State Services Commissioner Peter Hughes to examine IRD’s reported inappropriate use of a public survey. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels