funding 90% of the nhs is funded by general taxation. £300 million is from tobacco tax increases
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Funding
• 90% of the NHS is funded by general taxation. • £300 million is from tobacco tax increases
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Budget
• The NHS budget for 2004–05 was £69.7 billion, rising to £76.4 billion in 2005–06 and was £92.6 billion in 2007–08.
• Despite the increased resources, the NHS reported an overall deficit of £251 million (including Foundation Trusts) in 2004–05.
• In 2005–06, the overall deficit increased to £570 million.
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• In 1999 each household paid on average £1,850 per year towards health spending
• In 2004 this has increased to £2,800 on average.
• The NHS is having to make savings of up to £20 billion over the next four years
• However the BBC states that funding will rise from £10bn to £114bn over the next four years - the equivalent of a 0.1% a year hike in real terms
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