Orr Resigned Over Funding Disagreement Despite Massive Boost

The Taxpayers’ Union is calling out Adrian Orr’s resignation as nothing more than a sulk over funding disagreements, despite a significant increase in funding over and above the previous five-year agreement.

Taxpayers’ Union spokesman James Ross said:

“Orr resigned because he didn’t quite get all of the massive funding increase he was pushing for, but how much bloat would be enough? Even a small amount of financial self-control was too much to handle for the Governor.”

“The Reserve Bank’s funding agreement was still 21% higher than the last five-year deal, and 139% higher than the one before that. With staff numbers blowing out by 2.5x since 2018, is anyone surprised RBNZ always seems to be running out of taxpayers’ cash?”

“If the Governor - or any other departmental head - can’t control costs, they need to resign. Hopefully the next Reserve Bank Governor can show more respect for taxpayers.”