Latest news with #healthsector
News.com.au
27-05-2025
- Business
- News.com.au
Private health sector estimated to come out in ‘much better shape' following Healthscope crisis
Private Healthcare Australia CEO Rachel David says there has been 'tremendous growth' in the number of Australians using private health insurance. Ms David claims around 15 million Australians are equipped with the service. 'The reason it continues to grow is because of some of the struggles that the public hospitals have had … and people desire to have more control over when they have treatment and by whom,' Ms David told Sky News Australia. 'We think that the private hospital sector will emerge from this crisis in a much better shape than it was previously.'
Zawya
26-05-2025
- Health
- Zawya
Egypt's health budget jumps to $8.13bln, up from $681mln in 2013: Minister
Egypt's healthcare spending has seen a dramatic increase, rising from EGP 34bn in 2013 to EGP 406bn in 2025, according to Khaled Abdel Ghaffar, Deputy Prime Minister and Minister of Health and Population. Speaking at the US-Egypt Policy Leaders Forum 2025 on Sunday, Abdel Ghaffar emphasized that the rise reflects a national focus on strengthening the economy and attracting investment—particularly in the health sector, which he described as rich with opportunity. The minister revealed that the Ministry of Health and Population has requested additional funds from the Ministry of Finance to support further development, citing the ongoing demand for quality healthcare services. Over the past four years, Egypt has provided healthcare services to an estimated 10 million foreign residents, highlighting the growing pressure on the system. Currently, Egypt's healthcare infrastructure includes approximately 2,000 hospitals, 5,426 primary healthcare units, 142,400 hospital beds, and 16,300 intensive care beds. Abdel Ghaffar also noted that between 2014 and 2024, the ministry has completed 1,245 healthcare infrastructure projects. Looking ahead, 20 new projects are scheduled for completion by the end of 2025. These will add 2,649 hospital beds and include the construction of specialized medical cities across 11 governorates. Additionally, the implementation of the Universal Health Insurance System is underway in six governorates, covering a combined population of around 6 million people. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Daily Telegraph
26-05-2025
- Business
- Daily Telegraph
Scary way Aussie went bankrupt after teacher insult
An Aussie IT manager has detailed the startling string of events that led her into bankruptcy and how she managed to turn things around and become a successful investor and homeowner. Liz Porter was told she would never amount to anything and, by her 20s, was spiralling – emotionally broken, flat broke and branded a failure by the very people meant to guide her. Today, at 54, she stands tall as an IT manager in Australia's health sector and a proud homeowner in Melbourne's Docklands, an impressive feat considering she was once bankrupt. She said the chain of events that led her into this situation could happen to anybody, but at the time she felt ashamed. 'I had bad relationships that were abusive,' Ms Porter revealed. 'As I was growing up, I was always told I was stupid. Teachers even told me this. 'I remember one teacher in particular said I would never achieve anything, said I wasn't worth anything. 'When you're 15 and you hear that, you just take it on. You believe it. It didn't help with the kind of decisions I made. When you think you're stupid, you just stop caring. That was a big part of how I go (into debt). I stopped caring.' MORE: What homes will be worth in each suburb by 2030 She explained that her debt problems snowballed after a string of netball injuries and toxic relationships, among other things. 'I didn't care about life anymore. I just spent and spent,' Ms Porter said. 'I was burning through money. It was retail therapy for all my problems … You go out and drink, buy fancy clothes and shoes, but I didn't really have much else to show for it.' She eventually reached a point where she could no longer service her debts. With mental health problems exacerbating, a therapist told her repaying the debt would take too much of a toll on her and recommended she file for bankruptcy. This would mean not being able to get credit for seven years and she believed banks would frown on any future loan applications she made from thereafter. 'I had to move to a life of paying everything by cash and I lived that way for nearly 25 years.' MORE: Aussies warned over costly bank decision Ms Porter kept her financial collapse largely secret. 'I didn't tell anyone apart from family. It was almost like if you don't tell anyone, maybe it's not real,' she said. 'You become an angry person. 'People would ask 'what's wrong?' I could never say. I wouldn't talk to anyone because when people have told you you're stupid, you think you've brought it on yourself. I took it all on hard.' THE ROAD TO RECOVERY After hitting rock bottom, she clawed her way back – starting with a job at a major IT company, where she rose through the ranks fast. With new-found purpose, she rebuilt not only her career but her confidence. Years later, she was offered voluntary redundancy and she made a bold move. She took the payout and enrolled in a financial management course. What she learned changed everything. 'I thought I'd never be able to buy a home because of the bankruptcy,' she said. 'But after a chat with [a financial adviser], I realised maybe I could.' Despite years of assuming she'd never qualify for a loan, Ms Porter discovered her consistent rental history, strong income, and savings from the redundancy made her an ideal candidate. A few months, a new job and a mortgage broker later, Ms Porter bought a unit in Docklands – the very suburb she'd been renting in and had grown to love. Now, she's eyeing her next move: setting up an SMSF to invest in affordable housing and leveraging her equity to build a future that once seemed out of reach. PERSONAL BANKRUPTCIES IN AUSTRALIA Financial guidance expert Melissa Browne said Ms Porter's debt situation was more common than most people wanted to admit. She said there was a strong stigma and shame attached to bankruptcy. People often tried to maintain the appearance of success and avoided confronting their financial situation. Common responses included denial and avoidance, or 'burying their heads in the sand,' Ms Browne said. This behaviour often continued until a significant event forced them to face the issue. 'There are more solutions than most people realise, including free financial services, zero-interest debt help, and guidance tailored to income levels,' Ms Browne said. Ms Porter said she hasn't forgotten the dark days. 'I wish I didn't take on board all that nonsense people had told me. I learned to love myself,' she said. 'It's important to get advice from an expert. Learn. There is always a way out of things. You just need to find someone to help you.' HOW TO INVEST WHEN YOU'RE BANKRUPT > Face the reality: Acknowledge your financial situation instead of avoiding it. Change starts with awareness. > Seek support: Use free financial services, zero-interest programs, or work with financial professionals based on your income level. > Create a debt-clearance plan: Focus first on eliminating bad debt. This may include budgeting, taking on extra work, or cutting housing costs. > Shift from debt-free to wealth-building: Once debt is gone, start small with investing (e.g. $20 a day in ETFs) to build long-term financial security. > Relearn money habits: Improve your financial literacy, tighten spending, and identify new ways to earn or save cash. > Talk about it: set financial goals to make the journey feel positive and empowering.
News.com.au
25-05-2025
- Business
- News.com.au
Scary way Aussie went bankrupt after teacher insult
An Aussie IT manager has detailed the startling string of events that led her into bankruptcy and how she managed to turn things around and become a successful investor and homeowner. Liz Porter was told she would never amount to anything and, by her 20s, was spiralling – emotionally broken, flat broke and branded a failure by the very people meant to guide her. Today, at 54, she stands tall as an IT manager in Australia's health sector and a proud homeowner in Melbourne's Docklands, an impressive feat considering she was once bankrupt. She said the chain of events that led her into this situation could happen to anybody, but at the time she felt ashamed. 'I had bad relationships that were abusive,' Ms Porter revealed. 'As I was growing up, I was always told I was stupid. Teachers even told me this. 'I remember one teacher in particular said I would never achieve anything, said I wasn't worth anything. 'When you're 15 and you hear that, you just take it on. You believe it. It didn't help with the kind of decisions I made. When you think you're stupid, you just stop caring. That was a big part of how I go (into debt). I stopped caring.' She explained that her debt problems snowballed after a string of netball injuries and toxic relationships, among other things. 'I didn't care about life anymore. I just spent and spent,' Ms Porter said. 'I was burning through money. It was retail therapy for all my problems … You go out and drink, buy fancy clothes and shoes, but I didn't really have much else to show for it.' She eventually reached a point where she could no longer service her debts. With mental health problems exacerbating, a therapist told her repaying the debt would take too much of a toll on her and recommended she file for bankruptcy. This would mean not being able to get credit for seven years and she believed banks would frown on any future loan applications she made from thereafter. 'I had to move to a life of paying everything by cash and I lived that way for nearly 25 years.' Ms Porter kept her financial collapse largely secret. 'I didn't tell anyone apart from family. It was almost like if you don't tell anyone, maybe it's not real,' she said. 'You become an angry person. 'People would ask 'what's wrong?' I could never say. I wouldn't talk to anyone because when people have told you you're stupid, you think you've brought it on yourself. I took it all on hard.' THE ROAD TO RECOVERY After hitting rock bottom, she clawed her way back – starting with a job at a major IT company, where she rose through the ranks fast. With new-found purpose, she rebuilt not only her career but her confidence. Years later, she was offered voluntary redundancy and she made a bold move. She took the payout and enrolled in a financial management course. What she learned changed everything. 'I thought I'd never be able to buy a home because of the bankruptcy,' she said. 'But after a chat with [a financial adviser], I realised maybe I could.' Despite years of assuming she'd never qualify for a loan, Ms Porter discovered her consistent rental history, strong income, and savings from the redundancy made her an ideal candidate. A few months, a new job and a mortgage broker later, Ms Porter bought a unit in Docklands – the very suburb she'd been renting in and had grown to love. Now, she's eyeing her next move: setting up an SMSF to invest in affordable housing and leveraging her equity to build a future that once seemed out of reach. PERSONAL BANKRUPTCIES IN AUSTRALIA Financial guidance expert Melissa Browne said Ms Porter's debt situation was more common than most people wanted to admit. She said there was a strong stigma and shame attached to bankruptcy. People often tried to maintain the appearance of success and avoided confronting their financial situation. Common responses included denial and avoidance, or 'burying their heads in the sand,' Ms Browne said. This behaviour often continued until a significant event forced them to face the issue. 'There are more solutions than most people realise, including free financial services, zero-interest debt help, and guidance tailored to income levels,' Ms Browne said. Ms Porter said she hasn't forgotten the dark days. 'I wish I didn't take on board all that nonsense people had told me. I learned to love myself,' she said. 'It's important to get advice from an expert. Learn. There is always a way out of things. You just need to find someone to help you.' HOW TO INVEST WHEN YOU'RE BANKRUPT > Face the reality: Acknowledge your financial situation instead of avoiding it. Change starts with awareness. > Seek support: Use free financial services, zero-interest programs, or work with financial professionals based on your income level. > Create a debt-clearance plan: Focus first on eliminating bad debt. This may include budgeting, taking on extra work, or cutting housing costs. > Shift from debt-free to wealth-building: Once debt is gone, start small with investing (e.g. $20 a day in ETFs) to build long-term financial security. > Relearn money habits: Improve your financial literacy, tighten spending, and identify new ways to earn or save cash.
Zawya
23-05-2025
- Business
- Zawya
Nigeria FCTA: We've allocated $33mln to health sector — Wike
The Federal Capital Territory Administration (FCTA) has allocated N54 billion of the N1.7trn 2025 statutory budget into the health sector to complete rehabilitation of hospitals and procurement of modern equipment. FCT minister, Nyesom Wike said out of the amount N34 billion is for recurrent expenditure, which includes the sum of N1.3billion for drug revolving fund while the sum of N20 billion is for capital expenditure in the health secretariat. During the separate defence of the N1.7bn budget before Senate and House of Representatives committees, Wike said 72.30 per cent of the total proposed budget, amounting to N1,289,690,124,776, was earmarked for capital expenditure while the remaining 27.70 percent, totaling N494,133,583,616 was for recurrent expenditure. He outlined that N80 billion for SUKUK loan projects, N25 billion for the Abuja Light Rail project, N15 billion for Abuja Greater Water Supply, and N250 billion from commercial loans to complete ongoing capital projects in the FCC and satellite towns. The remaining N919,690,124,776 was dedicated to the completion of ongoing capital projects and counterpart-funded initiatives aimed at boosting socio-economic activities across the FCT. According to the breakdown, capital expenditure showed that N801.5 billion was allocated to the FCDA, N137 billion to the STDD, and N351.2 billion to other Secretariats, Departments, and Agencies (SDAs) for their capital expenditures and select new projects. He said the 2025 capital budget prioritizes the completion of critical ongoing infrastructure projects. These include the completion of roads B6 and B12, full scope development of Arterial Road N20, provision of engineering infrastructure to Guzape, Wuye, and Maitama II Districts, extension of Inner Southern Expressway (ISEX), and full scope development of FCT Highway 105 (Kuje Road). Other vital projects are the construction of Northern Parkway from Ring Road II to Ring Road III, full scope development of Arterial Road N20 from Arterial Road N5, rehabilitation of Old Keffi Road, full scope development of Arterial Road N1, and provision of access roads to Bus Terminals. Additionally, the upgrading of Ushafa War College/Army Check Point Road, the construction of Pai-Gomani Road, and dualization of Kuje-Gwagwalada road are also included. On recurrent expenditure, N150,353,906,168 (8.43 percent of the total) was proposed for personnel costs, while overhead cost was allocated N343,779,448 (19.27 percent). Sectoral highlights of the FCT's 2025 statutory budget proposal showed that infrastructural sector (Roads, Districts Development and Public Buildings) was allocated the sum of N383.5 billion, Transportation sector has a provision of the sum of N79.3 billion, education sector has a budgetary proposal of N181 billion while the health sector has a proposed sum of N54 billion in the year 2025. Other sectors, such has environment, was allocated the sum of N22.9 billion, Water sector got the sum of N37.4 billion, agriculture got the sum of N8.3 billion, social development sector got the sum of N23.7 billion, legal services got N7.7 billion, land administration got N1.5 billion while Area Councils Services Secretariat was allocated the sum of N3.1 billion. The FCT Minister also outlined the FCT's 2025 revenue fiscal framework, comprising distributable revenue of N1,392,573,937,087 and non-distributable revenue of N391,249,771,305. Revenue sources include proceeds from the 1 per cent of the 52.68 percent statutory allocation of the Federal Government from the Federation Account, Internally Generated Revenue (IGR), and other sources as detailed in the Revenue Fiscal Framework. Wike pledged his Administration's commitment to completing ongoing projects, many of which were initiated by previous administrations. He expressed the current administration's determination to see the projects to conclusion. The Minister acknowledged and commended the consistent support of the National Assembly to the FCT Administration, specifically praising the swift consideration of the 2025 statutory budget proposal. 'It's not been long that Mr. President sent this to you and expeditiously, you've done the first and second reading and now we are in Committee stage. It has never happened. Since your inception, you have always given us that support. We have never suffered any delay in budget passage. We want to say that we will not take this for granted. We will continue to cooperate with you for the development of the FCT,' he stated, while urging for an accelerated passage of the FCT's 2025 statutory budget proposal' Said Wike. Copyright © 2022 Nigerian Tribune Provided by SyndiGate Media Inc. (
