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16 May 2024 20:47
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  •   Home > News > Business

    Acknowledgement Pharmac's record funding-boost, will address the fiscal cliff it faces

    Acknowledgement Pharmac's record funding-boost, will address the fiscal cliff it faces


    An additional 1.7-billion dollars spread over four-years has been ear-marked for the drug-buying agency, in the upcoming Budget.

    Chief Executive Sarah Fitt says the extra cash covers time-limited funding for some treatments -- which ends this year.

    She says the fiscal hole was always known, as the funds outlined in Budget 2022 only went though to Budget 2024.

    © 2024 Newstalk ZB, NZCity

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     16 May: Softening performance in the property market - reflecting external factors at play
     16 May: Regional New Zealand is facing challenging times as local economies slow
     16 May: A new report shows the poor economic climate continues to make life difficult for regional economies
     15 May: A retail group says Foodstuffs' sudden crime spike is being felt throughout the sector
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