SCHEDULES

SCHEDULE 5Financial provision about NHS trusts established under section 25

Financial obligations of NHS trusts

2

1

Each NHS trust must ensure that its revenue is not less than sufficient, taking one financial year with another, to meet outgoings properly chargeable to revenue account.

F12

NHS England may set financial objectives for NHS trusts.

3

An NHS trust must achieve any financial objectives set under sub-paragraph (2).

4

Financial objectives under sub-paragraph (2) may apply to NHS trusts generally, or to a particular NHS trust or NHS trusts of a particular description.