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


Corporate Welfare Comes First?!

Corporate Welfare Comes First?!

Thursday, October 4 2001 Rodney Hide Press Releases -- Economy

ACT Finance Spokesman MP Rodney Hide said today that the government's policy of corporate welfare for Air New Zealand dwarves the extra spending in the 2001 Budget.

"The 2001 Budget trumpeted total extra spending of $532 million. The bail-out of Air New Zealand is to cost taxpayers 1.6 times that amount.

"The directors of Air New Zealand in a stroke have gone from being some of New Zealand's biggest businessmen to being our biggest welfare beneficiaries.

The table below compares the cost of the bailout with the key spending initiatives trumpeted in this year's budget.

Expense Initiative


Air NZ Bailout


$246 million

3.6 times!


$76 million

11.6 times!


$45 million

19.7 times!


$87 million

10.2 times!


$33 million

26.8 times!

Maori empowerment

$3 million

295.0 times!

"The government's policy of corporate welfare, business naivety and dithering has blown the government's budget and starved the very areas Labour and the Alliance promised to fund.

"The government would have been better-off to help every business. $885 million would fund a five cent cut in the company rate of tax for every business in the country for a year," Mr Hide said.


For more information visit ACT online at or contact the ACT Parliamentary Office at

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced


Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>


Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>


Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>


Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>


Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>


Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>




Featured InfoPages

Opening the Election