A health board has revealed that it will be setting a deficit budget of just under £25 million for the 2024/2025 financial year.
A health board has revealed that it will be setting a deficit budget of just under £25 million for the 2024/2025 financial year.
Reasons behind the financial issues include the county’s ageing population, which is predicted to see one third of residents aged 65 or above in 10 year’s time. He explained that a lot of time had been spent scrutinising the economic assumptions around inflation, growth of the economy and the “ability” of PTHB to lessen the financial pressure and deliver savings.
Newly appointed chief executive Hayley Thomas explained that PTHB already receives “enhanced monitoring” from the Welsh Government on finance and planning.
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