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

 


National wastes $26 million on asset sales so far

National wastes $26 million on asset sales so far

The Green Party has revealed today that the National Government has so far racked up a $26 million bill at the taxpayers’ expense for its ideologically-driven asset sales programme, before a single asset is even sold.
 
A newly released Treasury document shows that Treasury has spent over $16 million on the asset sales policy and the SOEs themselves have spent over $8 million. The costs associated with the water rights dispute arising from the proposed asset sales and the bonus paid to Mighty River’s CEO for guiding it through the planned sale brings the total to $26.1 million.

A total of $106.3 million has been budgeted for the asset sales programme but that doesn’t include large off-budget costs including the bonus share give-away, the water rights dispute, extra pay for executives and directors, and the SOE’s own costs in preparation for sale.

Nor does it include the permanent $100 million a year increase in the deficit, which Treasury says would result from the sales.

“National’s wasted $26 million of public money on asset sales that New Zealanders don’t want – and they haven’t even sold anything yet,” said Green Party Co-leader Dr Russel Norman.

“This is an extravagant waste of taxpayer funds from a government whose constant refrain is that there is not enough money to pay for desperately needed policies.

“These costs are just the tip of the iceberg. If the sales actually go ahead, the cost will balloon into the hundreds of millions,” said Dr Norman.

The Keep Our Assets Coalition has nearly reached its goal of 400,000 signatures to force a referendum on asset sales.

“The huge support for the referendum shows that Kiwis want our energy assets to stay in public ownership,” said Dr Norman.

“Kiwis know it doesn’t make sense to sell off our profitable strategic assets. The $26 million bill that National has racked up so far will only harden the public opposition against asset sales.

“It’s not too late for the National Government to listen to the public and to common sense – stop wasting our money on pointless asset sales and start focusing on fixing the economy.”

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Pacific Spying: Mass Surveillance Of NZers Confirmed By Former GCSB Director - Contradicting PM John Key

Scoop Editor Alastair Thompson Reports: Yesterday morning former GCSB Director Sir Bruce Ferguson confirmed mass surveillance of New Zealnders in the Pacific is taking place as revealed in the latest Snowden leaks investigated by Nicky Hager. In 2013 John Key told press gallery reporters that in the event mass surveillance was found have been conducted by the GCSB, he and the director of the GCSB - his childhood friend Ian Fletcher - would resign. As the controversy deepens a year and half later Fletcher has already resigned. But will Key? More>>

Gordon Campbell: Legal Fudging Of The GCSB Revelations

As many have noted, the Hager/Snowden revelations of the spying by our security agencies on our Pacific neighbours and allies is a virtual re-run of the pre-election debate. It is a situation where the government (a) stonewalls, (b) baldly asserts that mass surveillance is not occurring despite the Snowden evidence that it is, and (c) claims that the GCSB actions were lawful. Yet as Greens Co-Leader Russel Norman says, this can be true only if the legislation passed last year by the Key government has made the mass surveillance of New Zealanders – and the related handing over of their private data to the NSA – lawful. More>>

Latest:

 

PARLIAMENT TODAY:

Women's Day, March 8: It’s Time For Men To Step Up For Gender Equality

UN Women is launching the HeForShe campaign in New Zealand at the International Women's Day Parliamentary Breakfast, and is calling on New Zealand men — including politicians and community and sports leaders — to show their commitment to gender equality by signing up to this global campaign. More>>

ALSO:

Teina Pora Wins Appeal: Gordon Campbell On The Privy Council Decision

The quashing of the convictions of Teina Pora for the rape and murder of Susan Burdett in 1992 has shone a spotlight once again on a major gap in the New Zealand justice system... More>>

ALSO:

Urgent Bill Planned: MP Pay Rises To Match Public Service

Prime Minister John Key today announced an overhaul of the Remuneration Authority Act, tying MP salaries to those of the wider public sector, which will be passed under urgency. More>>

ALSO:

PM's Press Conference: MP Pay Rises, Solid Energy, Iraq

Prime Minister John Key answered questions in his Post-Cabinet press conference about the Iraq deployment, Solid Energy and National’s decision to overhaul the Remuneration Authority Act. More>>

ALSO:

Worksafe: MSD Charged Over Work And Income Ashburton Shooting

WorkSafe NZ has laid one charge against the Ministry of Social Development (MSD) in relation to the shooting at the MSD Ashburton office on 1 September 2014 in which two Work and Income staff were killed and another was injured. More>>

ALSO:

Iraq: Ex-Hostage Says Government Not Putting NZers, Iraqis First

Harmeet Singh Sooden is travelling to Iraq in the coming weeks to work with Christian Peacemaker Teams (CPT) on a short-term assignment. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news