Top Scoops

Book Reviews | Gordon Campbell | Scoop News | Wellington Scoop | Community Scoop | Search

 

F16 Deal Pullout A Cheap Option

A Treasury report to be given to the Government today is expected to show the abandoning the cost of the F16 lease deal with the United States will cost New Zealand nothing.

The report examines the cost of abandoning the $700 million deal to lease 28 F16 fighter jets from the United States made by the previous National Government.

To enter the deal New Zealand Government paid a thirty million dollar bond part of which would be surrendered if New Zealand left the deal.

So far $7 million of the bond has been spent. But now, thanks to changing currency exchange rates in New Zealand’s favour, this sum will be negated and abandoning the deal could even see New Zealand getting back more than it paid.

Also to be given to the government today is a report from defence expert, and former ACT party MP, Derek Quigley on the F16 deal.

The report is expected to advocate abandoning the leasing of the F16s because it is not in tune with New Zealand’s current defence priorities. The Prime Minister has advocated instead spending the money on the upgrading equipment for New Zealand’s land defence forces.

However the Prime Minister will be out of the country next week, leaving March 20 the date the Cabinet is likely to decide on the deal. That said, the PM has also raised the possibility that the cabinet may meet earlier, if necessary, to make a decision

The last National Government raised defence spending by $500 million. Labour has pledged that it will not cut the defence budget.


© Scoop Media

 
 
 
Top Scoops Headlines

 

There Is A Field: Reimagining Biodiversity In Aotearoa

We are in a moment of existential peril, with interconnected climate and biodiversity crises converging on a global scale to drive most life on Earth to the brink of extinction… These massive challenges can, however, be reframed as a once in a lifetime opportunity to fundamentally change how humanity relates to nature and to each other. Read on The Dig>>

ALSO:

Gordon Campbell: On The Barriers Facing Female Politicians

On the current evidence though, voters are less likely to regard a female politician as ‘likeable’ than a male one, and – even worse – this perception tends to become a barrier that only female candidates in the main, have to face. More>>

The Detail: Britain's Trump Is Now Its Prime Minister

Guardian journalist James Murray says Boris Johnson wears the hat that works, depending on what he’s trying to achieve. More>>

ALSO:

Gordon Campbell: On Trump’s Open White Nationalism

By telling those four elected, American born and/or raised women of colour to “go home”, US President Donald Trump’s racist agenda has come out of the shadows. More>>

ALSO:

Mediaversaries: 20 Years Of The Scoop Information Ecosystem

Scoop celebrates its 20th anniversary this month. To celebrate, we are offering 20% off all ScoopPro subscriptions, including the newly launched ScoopPro Citizen service for Citizen readers. More>>

ALSO: