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 Bridges’ ‘Meth Crooks’ Leadership Failure

Back in June, Bridges publicly accepted that Housing NZ had got it wrong, and that the National government had acted upon bad advice.

Now, you’d think this admission would create a broad bi-partisan basis for compensation to those families who had been unfairly evicted, at considerable cost and emotional distress. Some people had lost their possessions in trying to meet the expense of the upheaval.

Not everyone felt so compassionate. More>>

 

Multimedia & Transcript: Acting PM's Press Conference

Winston Peters, Acting Prime Minister while Jacinda Ardern is in New York for the UN Leaders' Week, held a short press conference Monday after chairing this week's cabinet meeting. More>>

General Assembly: Ardern Rejects Trump Call For War On Drugs

New Zealand will not be signing the United States' document calling for global action on the war on drugs, Prime Minister Jacinda Ardern says. Ms Ardern is in New York for the United Nations General Assembly this week, along with about 140 other world leaders. More>>

ALSO:

Pay Equity: Cabinet Funds Deal For Oranga Tamariki Social Workers

The Minister said that an agreement in principle has been reached between Oranga Tamariki and the PSA on a settlement worth $114.6m over five years. More>>

ALSO:

Hunting v Pest Control: Tahr Control Needed To Protect Alpine Habitats

A cull of introduced Himalayan tahr browsing conservation land in Kā Tiritiri o Te Moana/ the Southern Alps is needed to protect special alpine plants and their habitats, Conservation Minister, Eugenie Sage said. More>>

ALSO:

Protest At Sea: Judge Discharges Greenpeace Activists

The judge today discharged Norman and Howell without conviction, saying the cumulative consequences of a conviction would be out of proportion to what was “low level” offending off the Wairarapa coast in April 2017. More>>

ALSO:

No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels