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SBD Global/July 8, 2014/Finance

New Zealand Government Set To Slash $14.9M Off Sport NZ's '14-15 Budget

The New Zealand Government is set to slash NZ$17M ($14.9M) from Sport New Zealand's budget, according to Simon Plumb of the SUNDAY STAR TIMES. Documents released by Parliament reveal a government committee has "recommended a 17% cut in funds for the sport and recreation sector managed by Sport NZ." That will result in a NZ$17M budget decrease for the '14-15 financial year, "bringing funding back towards the level of two years ago -- and down from an increased estimated actual spend" of NZ$100M-plus in the last financial year. The recommended decrease is the result of the ending of "extra funding in 2013/14 for high performance facilities, the ICC Cricket World Cup and the establishment of the 2015 World Cup Office in Sport New Zealand" (SUNDAY STAR TIMES, 7/6).
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