10:34 Preet Gill (Labour)

Secondly, let me talk about health financing. Researchers at the World Health Organisation have estimated that the annual cost to poor countries of meeting the SDG target on healthcare for all by 2030 would be $112 per person. That is a significant increase on previous estimates, and would leave low-income countries facing an annual funding gap of up to $35 billion. The WHO estimates that poor countries will need to spend up to 20% of GDP on health to bridge that gap—clearly an impossible ask. If low-income countries are to have any chance of making up even part of the shortfall, Governments of rich countries and international institutions urgently need to address their role in creating global poverty and inequality, including through enabling unjust global tax and trade rules, demanding unsustainable debt repayments, failing to regulate their corporations properly, and imposing costs on poor countries through their contributions to climate change. I hope the Government will use their leadership position at the UN meeting in September to ensure that there is honest recognition of their responsibilities and the reasons why many poor countries do not have the domestic resources necessary to fund public health systems.

[Source]