India, Turkiye, Brazil face sharp increase in expenditure.
The BMI report indicates mixed patterns in health expenditure in emerging economies
Due to a combination of factors, India, Turkiye and Brazil are experiencing sharp increases in spending. The factors include a rise in inflationary pressures rather than structural market expansion.
Meanwhile, major markets such as Mainland China, Mexico, and Russia are also exhibiting the expected marginal slowdown in growth. Affected by the situation, Sub-Saharan African governments have increased their health budgets to maintain essential services.
According to a Body Mass Index (BMI) report, “Health expenditure growth in emerging markets is projected to show mixed patterns this year.”
Meanwhile, a report released by the World Health Organisation (WHO) in April confirmed, “Widespread official development assistance cuts, particularly by the US, have disrupted health systems across more than 80 percent of surveyed low-and middle-income countries.”