The NHS in Wales met its challenging financial targets for 2011-12 through a combination of significant savings reported by NHS bodies and some additional funding from the Welsh Government.
The additional funding in the year consisted of a £133 million funding uplift to all Health Boards to address NHS cost pressures and £24.4 million of advances from 2012-13 funding to four Health Boards primarily to ensure they achieved 'break-even'.
The impact of the £24.4million advanced funding will be felt in 2012-13 and 2013-14. This will increase future financial challenges for those health boards, but reinforces the Welsh Government's tougher message about the importance of cost control. Alongside recent improvements in in-year financial monitoring and reporting by both NHS bodies and the Welsh Government's Department of Health, Social Services and Children, and the NHS bodies' reported savings of £285 million in 2011-12, actions are being taken to put health finances on a more sustainable footing.