Pharmac's record funding-boost will address the fiscal cliff it faces. 

An additional $1.7 billion spread over four-years has been ear-marked for the drug-buying agency in the upcoming Budget. 

Chief Executive Sarah Fitt told Mike Hosking that the extra cash covers time-limited funding for some treatments, which ends this year. 

She says the fiscal hole was always known, as the funds outlined in Budget 2022 only went through to Budget 2024. 

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