In a statement in response to the report by the Wales Audit Office, Health Minister Mark Drakeford said more flexibility will be introduced to allow organisations to manage their finances over more than one financial year.
In 2012 we started moving towards greater transparency and the measurement of outcomes which provide a renewed focus on patient quality and safety, particularly in the light of the Francis Report.
I will be introducing legislation to provide more flexibility to organisations to manage their finances over more than one financial year. I hope to implement these changes at the start of the new financial year in April 2014.
More top news
Winter sunshine with cloud creeping in during the afternoon and a frosty night ahead.
The Revd Canon Joanna Penberthy has been consecrated as Bishop of St Davids in "an historic" day for the Church in Wales.
Temperatures will tumble under clear skies tonight with a widespread frost developing.