The Welsh NHS could end the financial year £131.4 million in the red, according to the spending watchdog the Wales Audit Office. Its report says the best case scenario would see local health boards ending the financial year £46 million over budget.
The most likely scenario, according to the WAO, is that the combined overspend will be £69.6 million. In a letter to Assembly Members, the Auditor General for Wales, Huw Vaughan-Thomas warns that it'll be a 'major challenge' just to contain the overspending.
The Chief Executive of the NHS in Wales has admitted that the service faces a £70m overspend but insists it will break even.
The Wales Audit Office warns that a prediction from NHS bodies of an end-of-year deficit of around £70m could be even higher.