New Zealand Post is getting 130 million dollars from Budget 2020 - and an equity injection of 150 million dollars from the COVID Response and Recovery Fund.
Communications Minister Kris Faafoi says the company's revenue has fallen substantially, but there's been no change to the costs of delivering the service Kiwis expect.
He says posties and couriers have worked tirelessly as the pandemic saw a massive increase in demand for e-commerce.
