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


Do You Trust Treasury, Or Mallard's Mates?

Do You Trust Treasury, Or Mallard's Mates?

Heather Roy Tuesday, 20 June 2006 Press Releases - Economy

ACT MP Heather Roy is questioning why Treasury officials were forced to take a back seat to a union economist when Cabinet considered allowing State Owned Enterprises to invest outside their core areas of business.

"Today in Parliament I asked why Peter Harris' word was trusted over that of Treasury officials", Mrs Roy said.

"Mr Harris - a well known PSA and CTU economist - was behind recommendations that SOEs should be able to invest outside their core areas of business.

"SOEs are companies owned by government, and funded with taxpayer money.

"Treasury was clearly concerned that SOEs had weak accountability disciplines, that Ministers with multiple objectives had difficulty selecting projects, and that money diverted by SOEs could provide a better return elsewhere.*

"Treasury are our experts on fiscal policy. Mr Harris' background reportedly includes the Labour Party's Policy Council, the Socialist Unity Party and Massey University.

"Yet Trevor Mallard accepted the word of his comrade over the advice of officials.

"If Government isn't going to listen to Treasury's advice, why do they even seek it?

"The current Finance Minister, Michael Cullen, infamously said that Treasury speaks in 'ideological burps'.

"Trevor Mallard may be trying to follow in Dr Cullen's footsteps, but his willingness to ignore Treasury advice is an example of why he should never be Minister of Finance.

"Who should people trust - Treasury, or Trevor Mallard's union mates?", Mrs Roy said.

Peter Harris' recommendations and Treasury's response are available 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