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Ongoing health spending with a record 12.2% increase last year – The Observer

Ursula Curtis by Ursula Curtis
July 1, 2022
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Ongoing health spending with a record 12.2% increase last year – The Observer
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On Friday, the National Institute of Statistics revealed that current spending on health rose by 12.2% last year and reached 11.2% of GDP in 2021, 0.7 percentage points higher than in 2020.

The Health Satellite account, released Friday, shows that this is the highest value in the past two decades, since the chain began in 2000, due to the Covid-19 pandemic.

Thus, the current expenditure on health should be recorded A “record increase”, to an estimated 23685.9 million euros. “Maintaining the epidemic situation and restoring the activity of assistance provided by service providers contributed to a significant increase in current public (+11.0%) and private (+14.7%) spending,” the National Institute of Statistics identified.

In 2020, “gross fixed capital formation (GFCF) for public service providers increased by 32.6%, compared to a decrease of 1.6% in gross fixed capital formation (GFCF), according to the document.

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That year, the 62.5% increase in GDP was most prominent in general, general, and specialized hospitals.

The total social security support granted to health care providers, within the scope of exceptional measures in response to Covid-19, amounted to 76.8 million euros in 2020: “About 48% paid to outpatient health care providers. It is estimated that in 2021, 34.6 million euros will be allocated”, according to the National Institute of Statistics.

In 2020, current expenditures increased by 3.5% to 21,107.9 million euros.

“The increase in spending reflects the adverse effects of an increase in public spending and a contraction in private spending due to the restrictive measures adopted to contain the Covid-19 pandemic,” the institute’s analysis said.

Ursula Curtis

“Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast.”

Ursula Curtis

Ursula Curtis

"Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast."

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