Te Whatu Ora proactively releases financial reports to explain $934 million loss

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This article was first published on 8 October.

From Stephen: In October, Te Whatu Ora released the financial details setting out the reason for its year-to-date loss of $934 million. But despite political rhetoric around the agency being top-heavy and bloated, much of the overspend was actually due to increased staffing costs for nurses. Other “one-off” factors include a Holidays Act liability increase of $172 million and $121 million in COVID-19 stock write-offs. 

A paper released in October also showed the agency didn’t receive an expected $529 million from the Government to offset pay equity payments for allied health, midwives and nursing staff