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New Zealand Government Boosts Crown Liquidity Facility for Local Government Financing

4 days ago | 73 views

The Government is increasing and extending the Crown Liquidity Facility (CLF) for the New Zealand Local Government Funding Agency Limited (LGFA) to support local government borrowing. The CLF helps LGFA secure competitively priced financing for local authorities during exceptional circumstances. The facility, established in 2011 and never used, is being raised to $3 billion and extended to June 2037 to assist in financing critical infrastructure and public services.

Tags: Government Crown Liquidity Facility New Zealand Local Government Funding Agency Limited Finance Minister Nicola Willis financing infrastructure public services Global Financial Crisis councils