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What is the total amount, if any, that Fire and Emergency New Zealand currently owes to the Crown from its $75.4 million loan in 2022?

Answered Question 11289 (2026)
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Asked by

Lemauga Lydia Sosene

Member for Māngere · Labour Party

Question

  • What is the total amount, if any, that Fire and Emergency New Zealand currently owes to the Crown from its $75.4 million loan in 2022?

Answered by

Hon Brooke van Velden

Member for Tāmaki · ACT Party · Minister of Internal Affairs

Answer

Fire and Emergency has not yet paid any principal on the loan with the first payment due in June 2026, but has paid $5.23m in interest since July 2024. Interest to be paid on this loan is based on floating market rates. Annual interest for 25/26 is forecast at approximately $2.3m.