Task 5.1.1 of 3
Compute the target each spring; publish projected spending by sector.
Who does it
Rates Board
When
Annual
Trade-off
Annual targets give predictability but can become ceilings that ration care.
Part of: Set a spending growth target
Total UHP spending per person grows at most at GDP-per-capita growth + 0.5 points. The Rates Board sets fee updates and hospital budget growth to meet it.