| HSE capital spend is affected by cuts According to EC Harris, the healthcare sector may have a hard time lifting projects off the ground in 2009 as budgetary constraints and general availability of capital “could result in a further contraction in capital expenditure.” Indeed as the CMG business information report went to print it was announced the health budget would have to be cut by a further €34 million (on top of Budget 2009), which is likely to have implications on new build. Even though the HSE Capital Plan 2008-2013 hadn’t yet been published at time of print, the expenditure for 2009 was announced in the HSE’s National Services Plan. A full list of projects is due to be approved by the Department of Health and Children shortly. |
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