Definitions and explanations of the new financial vocabulary.
NHS reforms have led to a new vocabulary for nurses. This article explains the meaning of the terms budgetary control, establishment, pay and non-pay, zero-based budgeting, trust regimens and the external financing limit. An understanding of these terms will help nurses implement the reforms.
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D002017:Budgets / Q000458:organization & administration*; D005376:Financial Management / Q000458:organization & administration*; D006801:Humans; D013222:State Medicine / Q000191:economics*; D006113:United Kingdom