10624 (2024). Hon Barbara Edmonds to the Minister of Finance

10624 (2024). Hon Barbara Edmonds to the Minister of Finance: What, if any, is the difference between a fiscal cliff and time limited funding?

Hon Nicola Willis: Time limited funding occurs in a range of circumstances. This includes when the government is piloting policy approaches, in response to significant events like extreme weather or a pandemic, and/or when the programme being funded is inherently time limited (e.g., building a road). I define a fiscal cliff as an instance of funding being provided for a limited period, when there is a clear public expectation of ongoing service delivery and funding.