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Matariki holiday could cost up to $448m as minister rules out subbing out another day off
21 Feb, 2021 05:00 PM
4 minutes to read
Matariki falls mid-year and the first public holiday will be held on June 24 next year. Photo / Stephen Chadwick
Political reporter, NZ Herald@AmeliaJWade
Making Matariki a public holiday could cost New Zealand businesses up to $448 million - double previous forecasts, according to officials.
It s the first time the Government has revealed the potential cost of adding a 12th public holiday to the calendar despite receiving the advice last term.
Last year the Ministry of Business, Innovation and Employment calculated the impact on 534,930 businesses giving their staff an extra day off to be between $377m and $448m - or between 0.35 and 0.42 per cent of 2019 s wage bill of $107 billion. ....

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