Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


F16 lease arrangement "a great deal" says Treasury

Treasury has confirmed that the F16 deal that this Government is about to ditch is, in its estimation, a great deal, says National's Defence spokesman Wayne Mapp.

"Speaking at the Finance and Expenditure select committee today, Treasury head Alan Bollard confirmed that if we are to replace the A4 Skyhawks with leased F16's, then the lease arrangement is "a great deal".

"The Treasury have done the numbers and even they, who are usually against any expenditure, can see what a good deal the F16's are."

Dr Mapp also disputed the assertion that it would cost just $12 million to cancel the F16 contract.

"The reality is that New Zealand has already spent over $35 million on the F16 deal. With the addition of another $12 million, New Zealand will have spent almost $50 million and will have nothing to show for it, except for ill will with our two most important allies - the United States and Australia.

"We will also have lost the opportunity cost of selling the Skyhawks while they retain useful life - which would have got us $150 million to off-set the cost of leasing the F16's

"Selling off the Skyhawks now, without replacing them with the F16's, would radically downgrade our armed forces. In the words of "The Australian" newspaper, we would be taking the bludger's option, leaving it to Australia to provide all the naval and combat air power in the event of a threat to the security of either New Zealand or Australia.

"As the Prime Minister leaves for Australia today, I call on her to be honest about the true cost of canceling this defence deal - both in terms of money and in terms of the damage it will do to New Zealand's long term security interests," Dr Mapp said today.

Ends


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>

ALSO:

Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>

ALSO:

More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>

ALSO:

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news