DAVID CHAPLIN: Last drinks for the PGF

Fri, 14 Aug 2020

That’s it. The Provincial Growth Fund party is over.This week the PGF officially pulled the plug on further applications after almost maxing out its $3 billion credit limit.With the government redirecting at least $600 million of PGF money as part of its coronavirus economic response, the end arrived quicker than anticipated. Established in February 2018, the PGF originally had a three-year timeframe to distribute the $3 billion squeezed out of the budget by NZ First MP Shane Jones as part of a coalition deal with the Labour minority...

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