Flawed procurement, shoddy oversight led to budget leak – report

Flawed procurement, shoddy oversight led to budget leak – report
Paul McBeth
The Treasury’s inadvertent online leak of budget information last year all stemmed from sloppy IT procurement and shoddy oversight, according to an independent report.The inquiry led by Jenn Bestwick found the root of the failure dated back to 2014 when the Treasury started a procurement process to replace a web hosting platform for the Central Agencies Shared Services.The Treasury modified its procurement after failing to find a vendor in the first round, carving out the specific processes of preparing for budget day in the process in spite of...

More Economy

BNZ looks to economic uptick supporting its full year 2026 outturn
Finance

BNZ looks to economic uptick supporting its full year 2026 outturn

BNZ is the latest bank to cautiously spruik GDP growth in 2026.

Andy Macdonald 07 Nov 2025
RBNZ says risks linked to new mortgage lending contained
Economy

RBNZ says risks linked to new mortgage lending contained

House prices near the top of RBNZ's range of sustainable estimates.

Staff reporters 06 Nov 2025
‘Remarkable growth’: Fulton Hogan posts higher profit
Economy

‘Remarkable growth’: Fulton Hogan posts higher profit

Fulton Hogan paid a total dividend of $180.4m for 2025.

Duncan Bridgeman 05 Nov 2025
NZ's financial stability risks higher than in recent years
Finance

NZ's financial stability risks higher than in recent years

The RBNZ says global uncertainty and underperformance are key factors.

Staff reporters 05 Nov 2025