Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Surplus shows Govt can afford Eden Park upgrade

Newmarket Business Association

Wednesday 11 October 2006

$11.5b surplus shows Govt can afford Eden Park upgrade

An association that represents some of Auckland's highest rated commercial properties says the Government's record operating surplus announced today confirms that most of the $350 million needed for the proposed Eden Park upgrade should come out of Wellington.

"The Auckland ratepayer is strapped, with average rates up 30% over three years. Whereas the Government coffers are overflowing. The Government can easily afford to dig into its pockets to get the ball rolling," said head of the Newmarket Business Association, Cameron Brewer today.

"The Rugby World Cup will benefit the whole nation and Dr Cullen's latest surplus shows that the nation can easily afford to provide the much-needed facilities.

"There's no credibility in Clark, Cullen and Mallard pointing to the stretched Auckland City ratepayer for the cash when they are sitting on $11.5 billion," said Mr Brewer.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>

Elsewhere:

Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:

Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>