
LONDON, Sept. 17 (UPI) -- Britain's National Health Service has gone into the red despite record increases in government spending, government statistics reveal.
Some 156 hospitals and other trusts have overspent their budgets by more than $1.2 billion, but other hospitals and areas of the NHS budget underspent reduced the the overall deficit to $452 million.
NHS Chief Executive Nigel Crisp said the overspending was just a tiny bit -- 0.4 percent -- of the total NHS budget of $125 billion, reported the Daily Telegraph Saturday.
However, individual hospitals that have overspent more than $54 million have been warned that they will not be bailed out by the government.
By 2008, NHS spending in England is expected to reach $162 billion, the Telegraph said.
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