EQC's disaster fund forecast to run out next year

EQC will get a Government bailout after the Christchurch and Kaikoura quakes have blown through over $6 billion of funds.

The Christchurch and Kaikōura earthquakes have blown through the Earthquake Commission's funds, expected to run out early next year. 

EQC's National Disaster Fund has now dropped below $200 million, the point the Government moves to step-in, and is on track to be fully depleted in the first quarter of next year.

Cantabrians can have confidence the Government is standing behind the [National Disaster Fund] and the money necessary to complete the job of repairing homes will be available.
— Spokesperson for EQC Minister Megan Woods

Simon Darby