The statement below can be attributed to Hutt Valley and Capital & Coast DHB Chief Executive Fionnagh Dougan.
Hutt Valley DHB welcomes the Government’s confirmation of $35 million in equity support.
The purpose of the equity injection is to maintain the DHB’s financial liquidity. The equity support will meet the DHBs forecast cashflow funding needs through to the end of the current 2020/21 financial year.
Hutt Valley DHB will continue to work closely with the Ministry of Health to manage its liquidity and ensure that there is sufficient cashflow to cover the expenditure incurred from the delivery of its services.
We are currently reviewing the allocation of expenditure, in line with our longer term planning towards financial sustainability.