Health NZ’s financial deficit blows out to $934m
Photo: befunky.com
Health New Zealand's financial position has continued to worsen, according to its latest quarterly report.
However, wait times are showing some improvement.
For the year to June, the deficit (from preliminary unaudited results) has now blown out to $934 million - a dramatic downgrade from the $299m surplus forecast in quarter three.
Chief executive Margie Apa said the gloomier outlook was partly due to one-off factors including write-offs to surplus Covid-19 stock, Holidays Act remediation, cuts to Hauora Māori funding, unbudgeted staffing costs and "higher outsourcing across all employment groups".
Health NZ chief executive Margie Apa.
Photo: RNZ / Samuel Rillstone
"We are committed to resetting Health NZ to ensure that every hour and every dollar we put into ou...










