Health New Zealand is expecting its financial deficit for the past financial year, to be near a billion dollars

The agency's released its report for the June quarter.

Earlier in quarter three, a 299-million-dollar surplus was forecast - but the preliminary financial result for the year to the end of June is a 934-million-dollar deficit.

Association of Salaried Medical Specialists Executive Director Sarah Dalton says services and departments are going to be dealing with significant cuts.

She says some of it will impact staffing levels -- and some the ability to implement digital solutions that'll make staff and systems more efficient.