'Unfathomable': RNZ's $11.8m financial loss sparks questions and backlash

There's criticism aimed at RNZ's outgoing boss over the public broadcaster's financial blowout.

Its been revealed an anticipated $470,000 deficit, has reached almost $12 million. 

RNZ's blaming a mix of one-off costs and overspending, and is expected to cut 58 jobs.

Herald editor-at-large Shayne Currie says it's unfathomable Paul Thompson didn't have a firm grip on the finances.

"Paul is a very renowned operator, he's been chief executive for 13 years, he knows full well how that organisation runs."

LISTEN ABOVE

• RNZ set to cut almost 60 roles following $11.8 million deficit
• "Inexplicable": RNZ faces independent review after deficit balloons to almost $12m