What's the difference between budget and fundholder?
Budget
Definition:
(n.) A bag or sack with its contents; hence, a stock or store; an accumulation; as, a budget of inventions.
(n.) The annual financial statement which the British chancellor of the exchequer makes in the House of Commons. It comprehends a general view of the finances of the country, with the proposed plan of taxation for the ensuing year. The term is sometimes applied to a similar statement in other countries.
Example Sentences:
(1) Handing Greater Manchester’s £6bn health and social care budget over to the city’s combined authority is the most exciting experiment in local government and the health service in decades – but the risks are huge.
(2) Mike Ashley told Lee Charnley that maybe he could talk with me last week but I said: ‘Listen, we cannot say too much so I think it’s better if we wait.’ The message Mike Ashley is sending is quite positive, but it was better to talk after we play Tottenham.” Benítez will ask Ashley for written assurances over his transfer budget, control of transfers and other spheres of club autonomy, but can also reassure the owner that the prospect of managing in the second tier holds few fears for him.
(3) But the wounding charge in 2010 has become Brown's creation of a structural hole in the budget, more serious than the cyclical hit which the recession made in tax receipts, at least 4% of GDP.
(4) The playing fields on which all those players began their journeys have been underfunded for years and are now facing a renewed crisis because of cuts to local authority budgets.
(5) Cameron also used the speech to lambast one of the central announcements in the budget - raising the top rate of tax for people earning more than £150,000 to 50p from next year.
(6) We are in the middle of the third year of huge cuts in acute hospitals' budgets," said Porter.
(7) Liu was a driving force behind the modernisation of China's rail system, a project that included building 10,000 miles of high-speed rail track by 2020 – with a budget of £170bn, one of the most expensive engineering feats in recent history.
(8) Based on the economics of most countries in Africa, their Health Budgets can afford mostly the non-opioid and strong opioid drugs in more or less adequate quantities.
(9) Non-essential Federal government services will remain closed until a budget to pay for them has been agreed.
(10) The need here is to promote the development of genuinely participative models – citizens panels and juries, patient and community leaders, participatory budgeting, and harnessing the power of digital engagement.
(11) The agency, which works to reduce food waste and plastic bag use, has already been gutted , with its budget reduced to £17.9m in 2014, down from £37.7m in 2011.
(12) Cable argued that the additional £30bn austerity proposed by the chancellor after 2015 went beyond the joint coalition commitment to eradicate the structural part of the UK's current budget deficit – the part of non-investment spending that will not disappear even when the economy has fully emerged from the recession of 2008-09.
(13) George Osborne’s eighth budget is unlikely to be a radical affair , as the state of the public finances and the upcoming EU referendum limit the chancellor’s room for manoeuvre.
(14) However in a repeat of the current standoff over the federal budget, the conservative wing of the Republican party is threatening to exploit its leverage over raising the debt ceiling to unpick Obama's healthcare reforms.
(15) The BBC has reversed its decision to close the Asian Network digital radio station – but will look to cut its budget in half.
(16) It has so far returned a mere $6m (£3.6m) of its relatively meagre $28m (£17.1m) budget, according to Forbes, a percentage of just 21%.
(17) "We were the ones with the most over-indebted banks, the most over-indebted households and we had the biggest budget deficit of virtually any country, anywhere in the world.
(18) • Motorola Moto G – the best budget smartphone for just £135
(19) In Wednesday’s budget speech , George Osborne acknowledged there had been a big rise in overseas suppliers storing goods in Britain and selling them online without paying VAT.
(20) However, it has since increased that to £2.1m or 15.6% of that budget.
Fundholder
Definition:
(a.) One who has money invested in the public funds.
Example Sentences:
(1) It must make sense that, when every conceivable reform – devolution, centralisation, purchaser-provider split, internal markets, fundholders, commissioners – has been tried and seen to fail, someone should challenge the very concept of a central service.
(2) If you read this document, it too finds that the results of GP fundholding were mixed: some things got better, some things got worse.
(3) Here are four papers on GP fundholding, which is broadly similar to Lansley's GP consortiums.
(4) Next Burstow says I "overlooked the impact assessment we published alongside the health and social care bill, where we present a thorough analysis of the evidence for and against our plans … studies show that GP fundholding and practice-based commissioning delivered shorter waits and fewer referrals to hospitals for patients".
(5) To estimate the financial effect of random yearly variations in need for services on fundholding practices with various list sizes.
(6) It is suggested that differences in standards in general practice may be increased rather than decreased by the fundholding scheme.
(7) We've had GP fundholders, GP multifunds, primary care groups, PCTs, family practitioner committees, purchasing consortiums, and more.
(8) As he will see, studies show that GP fundholding and practice-based commissioning delivered shorter waits and fewer referrals to hospitals for patients.
(9) In place of the arrogance, distrust and inflexibility which had come to characterise the public sector in the 1960s and 1970s, we gave civil servants operational freedoms by creating Next Step agencies, we offered family doctors budgetary freedoms through GP fundholding and we allowed teachers and parents freedom from red tape and local council dogma through GM schools.
(10) The new fundholding scheme, which allows some practices to apply to hold their own budgets and buy services for their patients, could alter the balance of power between the hospitals and general practice.
(11) The Government has taken further steps along the road of making GP fundholders the main gatekeepers of primary care with guidance on how to 'buy in' health visiting and other community services from units or trusts.
(12) And my job, after the election [in 1992], was that we’d got some trusts and fundholders up and running and my task was to get all of that beyond a tipping point.
(13) He claims (and produces plenty of evidence to support it) either full or partial credit for the privatisation of the railways and other industries, for the contracting-out of public services to private companies, for the poll tax, the sale of council houses, the internal markets in education and health, the establishment of private prisons, GP fundholding and commissioning and, later, for George Osborne's tax policies.
(14) "The founders of the Ponzi Victims Coalition are dedicated to pursuing legislative and litigative actions to mitigate the devastating effects these schemes have had upon fundholders, pensioners, stockholders, and all investors – direct and indirect – in these tainted investment instruments," it says.
(15) The legal NGO ClientEarth, which successfully challenged the government over its response to air pollution, said that local authorities which protected their pension fundholders from climate risks were making a far-sighted investment decision, rather than taking a political stance.
(16) In its section on GP fundholding, this "thorough analysis" ignores the four peer-reviewed academic papers I described last week, which sadly found no evidence of an overall benefit from GP fundholding.